Part 1

Carbon target and budgeting

Determination whether objectives met

Final statement for budgetary period
18
1
It is the duty of the Secretary of State to lay before Parliament in respect of each budgetary period a statement containing the following information.
2
In respect of each targeted greenhouse gas, it must state the final amount for the period of UK emissions, UK removals and net UK emissions of that gas.
That is the total of the amounts (or adjusted amounts) stated under section 16 (annual statement of UK emissions) in respect of that gas for the years included in the period.
3
It must—
a
state the final amount of carbon units that have been credited to or debited from the net UK carbon account for the period, and
b
give details of the number and type of those carbon units.
4
It must state the final amount of the net UK carbon account for the period.
5
It must state whether the Secretary of State has decided to carry an amount back under section 17(1) (power to carry amount back from the budget for the next budgetary period), and if so what amount.
6
It must state the amount of the carbon budget for the period.
That is the amount originally set, subject to any exercise of the powers conferred by section 17 (powers to carry amounts from one budgetary period to another) and any alteration of the budget under section 21.
7
Whether the carbon budget for a period has been met shall be determined by reference to the figures given in the statement laid before Parliament under this section in respect of that period.
8
If the carbon budget for the period has not been met, the statement must explain why it has not been met.
9
The statement required by this section must be laid before Parliament not later than 31st May in the second year following the end of the period to which it relates.
10
The Secretary of State must send a copy of the statement to the other national authorities.