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The Carbon Accounting (Wales) Regulations 2018
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Power to credit carbon units to the net Welsh emissions account
5.—(1) Carbon units may be credited to the net Welsh emissions account in accordance with this regulation.
(2) A carbon unit is credited to the net Welsh emissions account if—
(a)it is in the Welsh credit account;
(b)the Welsh Ministers declare that the carbon unit is credited to the net Welsh emissions account; and
(c)following the Welsh Ministers’ declaration the carbon unit is cancelled.
(3) A declaration under paragraph (2)—
(a)must state the year in respect of which the carbon unit is to be credited; and
(b)may be made in such manner and at such time as the Welsh Ministers considers appropriate.
(4) The Welsh Ministers may not make a declaration under paragraph (2) if they reasonably believe that the carbon unit has been used to offset greenhouse gas emissions which are not Welsh emissions.
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