Statutory instrument emissions trading after Brexit

Maintains and makes technical fixes to requirements for companies covered under the EU’s emission trading scheme to continue monitoring, reporting and verifying their greenhouse gas emissions after Brexit; revokes retained EU law relating to the surrender and trade of emissions allowances

Document title: The Greenhouse Gas Emissions Trading Scheme (Amendment) (EU Exit) Regulations 2018

Summary: Maintains and makes technical fixes to requirements for companies covered under the EU’s emission trading scheme to continue monitoring, reporting and verifying their greenhouse gas emissions after Brexit; revokes retained EU law relating to the surrender and trade of emissions allowances. Substance on a no-deal interim carbon tax will be presented in a future piece of legislation, while a second statutory instrument will be laid to address any changes made by the EU to its monitoring, reporting and verifying regulations prior to Brexit day.

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