EU ETS Phase III UK implementation—regulated activities, operators, and installations [Archived]

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

  • EU ETS Phase III UK implementation—regulated activities, operators, and installations [Archived]
  • Brexit
  • Regulated activities
  • Operators
  • Installations
  • Charges relating to installations
  • Excluded installations

EU ETS Phase III UK implementation—regulated activities, operators, and installations [Archived]

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ARCHIVED: This Practice Note has been archived and is not maintained.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:

  1. Emissions trading—overview

  2. EU ETS Directive 2003/87/EC—snapshot

  3. EU Emissions trading system—outline

  4. EU ETS Phase III UK implementation—legal framework, key obligations and administration [Archived]

  5. EU ETS Phase III UK implementation—allocation of allowances and auctioning [Archived]

  6. EU ETS Phase III UK implementation—compliance, enforcement and appeals [Archived]

  7. 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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