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The Carbon Accounting (Determination of Excess UK Assigned Amount Units) Regulations 2023
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- UK Statutory Instruments
- 2023 No. 577
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EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations make provision under section 27(5) of the Climate Change Act 2008 (c. 27) (“the Act”) in respect of 2013 to 2020 for the purposes of Part 1 of the Act.
Regulation 3 requires the Secretary of State to determine whether the assigned amount is greater than the sum of the following carbon budgets as set by the Carbon Budgets Order 2009 (S.I. 2009/1259):
the second carbon budget (2013-2017); and
that part of the third carbon budget which falls within the second commitment period (2018-2020).
Where the assigned amount is greater, regulation 3 requires the Secretary of State to calculate the number of UK assigned amount units representing the excess. Regulation 3 also sets out what the Secretary of State must take into account when calculating this and requires that UK assigned amount units in excess are not used to offset greenhouse gas emissions in the United Kingdom or elsewhere.
An impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.
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