Emissions trading scheme
2.—(1) Authorising the making of schemes for the trading or other transfer of quotas allocated as mentioned in paragraph 1(2)(b).
(2) Authorising the inclusion in a scheme under sub-paragraph (1) of—
(a)provision for penalties in respect of contraventions of provisions of the scheme; or
(b)provision for the amount of any penalty under the scheme to be such as may be set out in, or calculated in accordance with—
(i)the scheme; or
(ii)the regulations (including regulations made after the scheme).