Power to credit carbon units to the net Welsh emissions account5
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.