Part 2 Schemes Encouraging Activities

Part 2 Schemes Encouraging Activities

Introductory

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This Part of this Schedule deals with trading schemes that operate by encouraging activities that consist of, or that cause or contribute, directly or indirectly to—

(a)     reductions in greenhouse gas emissions, or

(b)     the removal of greenhouse gas from the atmosphere.

Trading periods

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The regulations must specify the period or periods by reference to which the scheme is to operate (a “trading periodâ€).

Activities

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(1)     The regulations must identify the activities to which the trading scheme applies.

(2)     The regulations may identify the activities by reference to any, or any combination of, criteria and in particular—

(a)     may identify the activities by reference to the locations or locations at which they are carried on, or

(b)     may be expressed to apply to all activities of a particular kind carried on in the United Kingdom or a part of the United Kingdom.

(3)     The regulations must specify the units of measurement of the activities for the purposes of the scheme.

(4)     The regulations may specify units of measurement by reference to—

(a)     the activities themselves,

(b)     anything consumed or used for the purposes of the activities,

(c)

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