EU ETS Directive 2003/87/EC—snapshot

The following Environment practice note provides comprehensive and up to date legal information covering:

  • EU ETS Directive 2003/87/EC—snapshot
  • Brexit
  • What is the EU ETS Directive?
  • What does the EU ETS Directive apply to?
  • Phased implementation
  • Greenhouse gas permits
  • National Allocation Plans in phases I and II
  • Commission allocation from Phase III
  • Dealing with the surplus of emission allowances
  • Monitoring, reporting and verification
  • More...

EU ETS Directive 2003/87/EC—snapshot

Title Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (EU ETS Directive)
Entry into Force25 October 2003
Deadline for Transposition31 December 2003
Amended byFor a list of all amendments, see EUR-Lex. Key related directives include the linking Directive 2004/101/EC (entry into force 13 November 2004; transposition deadline 13 November 2005); Aviation Directive 2008/101/EC (entry into force 2 February 2009; transposition deadline 31 December 2012); Directive 2009/29/EC (2009 Revised Directive)(entry into force 25 June 2009; transposition deadline 31 December 2012); Directive (EU) 2018/410 (2018 Revised Directive) (entry into force 3 April 2018; transposition deadline 9 October 2019)
England and Wales LegislationThe Greenhouse Gas Emissions Trading Scheme Regulations 2012, SI 2012/3038
SubjectClimate change, emissions trading

Brexit

11 pm (GMT) on 31 December 2020 marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements came to an end and significant changes began to take effect across the UK’s legal regime.

The UK ceased participation in the EU Emissions Trading System (EU ETS) at the end of the implementation period. The UK has set up its own UK emissions trading scheme

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