PART 2

CLIMATE CHANGE

Compliance with carbon budgets: reports and statements by the Welsh Ministers

Carrying amounts from one budgetary period to another
40
1
The Welsh Ministers may decide to carry part of the carbon budget for a budgetary period back to the preceding budgetary period.
2
The carbon budget for the later period is reduced, and that for the earlier period is increased, by the amount carried back.
3
The amount carried back must not exceed 1% of the carbon budget for the later period.
4
The Welsh Ministers may decide to carry any unused part of the carbon budget for a budgetary period forward to the next budgetary period.
5
The carbon budget for the later period is increased, and that for the earlier period is reduced, by the amount carried forward.
6
The carbon budget for a period is “unused” to the extent that it exceeds the net Welsh emissions account for the period.
7
Before deciding to carry an amount back or forward under this section, the Welsh Ministers must consult the advisory body.