The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023

Amends/Commences: The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 

Comes into force: 4th October 2023 and 1st January 2024

Jurisdiction: UK

To move towards net-zero, the number of carbon allowances auctioned from 2024 are reduced. 

From 2026, there will no longer be any free allocation* for aviation sectors.

*Free allocation is the process of distributing free carbon allowances to organisations. The alternative allocation method is via paid auction.

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