Carbon units
4.—(1) A carbon unit for the purposes of the Climate Change (Scotland) Act 2009 is a unit of the following kind:—
(a)assigned amount unit;
(b)European Union allowance;
(c)certified emission reduction; and
(d)emission reduction unit.
(2) A carbon unit has a value of 1 tonne of carbon dioxide equivalent.
(3) In this regulation—
“assigned amount unit” means a unit issued—
under Article 7(3) of Decision No 280/2004/EC(1) of the European Parliament and of the Council concerning a mechanism for monitoring Community greenhouse gas emissions and for implementing the Kyoto Protocol; or
by a party to the Kyoto Protocol which is not subject to that Decision;
“European Union allowance” means an assigned amount unit converted into an allowance for the purposes of the EU ETS in accordance with Article 45 of the Registries Regulation;
“certified emission reduction ” means a unit issued under Article 12 of the Kyoto Protocol and the Decisions adopted under the UNFCCC or the Kyoto Protocol; and
“emission reduction unit” means a unit issued under Article 6 of the Kyoto Protocol and the Decisions adopted under the UNFCCC or the Kyoto Protocol.
O.J. No. L 49,19.2.2004, p.1.