The following Environment practice note provides comprehensive and up to date legal information covering:
Originally produced in partnership with Navraj Singh Ghaleigh, Senior Lecturer in Climate Law, University of Edinburgh
ARCHIVED: This Practice Note has been archived and is not maintained.
The EU Emissions Trading System (EU ETS) is the largest ETS in the world by volume. It works on a cap-and-trade basis, where a limit is set on the total greenhouse gas (GHG) emissions allowed by all participant sectors covered by the scheme and this limit is converted into tradable allowances.
For more information, see Practice Notes:
EU ETS Directive 2003/87/EC—snapshot
EU Emissions trading system—outline
EU ETS Phase III UK implementation—legal framework, key obligations and administration [Archived]
EU ETS Phase III UK implementation—allocation of allowances and auctioning [Archived]
EU ETS Phase III UK implementation—compliance, enforcement and appeals [Archived]
When is a greenhouse gas permit required under Phase III EU ETS? [Archived]
Phase IV of the EU ETS runs from 2021 to 2030. It sees a cap on the total volume of emissions which will be reduced annually by 2.2%, double the number of allowances to be placed in the market stability reserve (MSR) until the end of 2023, from 2023 the number of allowances held in the MRS will be limited to the auction volume of the previous year and holdings above that amount will lose their validity (unless otherwise
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Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2: (1) offences at common law of public nuisance3; (2) an offence at common law of outraging public decency4; (3) administering an oath etc
When transferring an interest in land, any fixtures form part of the land and are transferred with it, unless there is express provision to the contrary. Fittings (also known as chattels) do not form part of the land and will not be included unless it has been expressly agreed otherwise. Difficulty
Amending the articles of associationThis Practice Note summarises the procedure to amend or change a company’s articles of association in accordance with the Companies Act 2006 (CA 2006).Why amend the articles?There are many different reasons why a company may want, or be required, to amend its
Sale of treasury sharesA limited company may hold, or deal with, shares in itself, if certain conditions set out in the Companies Act 2006 (CA 2006) are met. Those shares are held in treasury and referred to as the company's treasury shares.The treasury shares regime is set out in CA 2006, ss
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