UK ETS definition

UK ETS means the UK Emissions Trading Scheme as established pursuant to the UK’s Greenhouse Gas Emissions Trading Scheme Order 2020, and any replacement or successor schemes or arrangements having similar effect.
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UK ETS means the United Kingdom Emissions Trading Scheme established by the Applicable Rules;
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Examples of UK ETS in a sentence

  • This consultation stated that a UK ETS linked to the EU ETS is the UK Government and Devolved Administrations’ preferred carbon pricing policy, and that if this could not be secured alternative options included a standalone UK emissions trading scheme, a carbon emissions tax, or remaining in Phase IV of the EU ETS.

  • Views from all stakeholders on proposals for a UK- wide ETS were taken into account when considering the final policy design.The joint Government Response to the consultation was published on 1st June 2020 and can be accessed here: https://www.gov.uk/government/consultations/the-future-of-uk- carbon-pricing Approach to frameworkThe UK ETS will be established using secondary legislation made using existing primary powers under the Climate Change Act 2008 (the CCA), and through the Finance Act 2020.

  • Lindseth, Blake Emerson (eds) Comparative Administrative law, (Elgar 2017) 302-318; see also, Anne Meuwese, Ymre Schuurmans, Wim Voermans, ‘Towards a European Administrative Procedure Act’ (2009) 2(2) REAL 3-35.

  • Some systems have not allowed such links (e.g. EU ETS, US Clean Power Plan) or have established a ‘gateway’ to allow transfers only from the absolute-target system into the intensity- target system (e.g. UK ETS).

  • In Section 4, we outline the research approach undertaken in the study, while Section 5 discusses the socio-historical context of the study; in particular, we draw attention to the institutional field and the context in which the UK ETS and CRC were designed and implemented.

  • In particular, this study is concerned with the climate change agenda and how companies who participated in the voluntary UK Emissions Trading Scheme (UK ETS) and the mandatory Carbon Reduction Commitment Energy Efficiency Scheme (CRC) represent it.

  • This Impact Assessment considers the expected costs and benefits of the UK ETS in its initial years of operation (from 2021 to 2024) in an unlinked context.

  • As regards UK emission allowances, the term will refer to the new UK Emissions Trading Scheme (UK ETS).

  • The direct costs of ETS are offset somewhat by the fact that meeting the renewables target will result in a significant amount of abatement in the traded sector, reducing the amount of effort that is required from UK ETS installations.

  • In the first phase, we examined the context of two emissions trading schemes implemented in the UK: the UK ETS and the CRC.

Related to UK ETS

  • UK GDPR means the GDPR, as transposed into United Kingdom national law by operation of section 3 of the European Union (Withdrawal) Act 2018 and as amended by the Data Protection, Privacy and Electronic Communications (Amendments etc.) (EU Exit) Regulations 2019.

  • UK means the United Kingdom of Great Britain and Northern Ireland.

  • Australian Consumer Law means the Australian Consumer Law set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

  • HK$ Hong Kong dollars, the lawful currency of Hong Kong;

  • Singapore means the Republic of Singapore and, when used in a geographical sense, includes its land territory, internal waters and territorial sea, as well as any maritime area situated beyond the territorial sea which has been or might in the future be designated under its national law, in accordance with international law, as an area within which Singapore may exercise sovereign rights or jurisdiction with regards to the sea, the sea-bed, the subsoil and the natural resources;

  • ASX means ASX Limited (ACN 008 624 691);

  • recognised stock exchange means any stock exchange agreed upon by the competent authorities of the Contracting Parties;