CLIENT LOGIN

Menu
 

Climate Change Agreements (Administration and Eligible Facilities) (Amendment) Regulations 2020

Synopsis

These regulations support the extension of the climate change agreement scheme until 31 March 2025.

A new target period will apply to these agreements, which provide a climate change levy discount in return for energy reduction targets.

 
 
 

Summary

The Climate Change Agreements (Administration and Eligible Facilities) (Amendment) Regulations 2020 amend the Climate Change Agreements (Administration) Regulations 2012 and the Climate Change Agreements (Eligible Facilities) Regulations 2012 and come into force on 1 October 2020.

What is being changed?

New Target Periods

The Climate Change Agreements (Administration) Regulations 2012 are amended to add a new Target Period (Target Period 5) from 1st January 2021 to 31st December 2022. Target periods are periods in which organisations subject to Climate Change Agreements (CCAs) are required to meet targets set. There have been four two-year periods from 2013 to 2020. The additional target period sets new targets, reflecting the extension of the scheme until 31 March 2025.

Greenhouse gas emissions beyond the targets set under CCAs need to be covered with additional carbon allowances. The amending regulations increase the buy-out rate to £18 per tonne carbon dioxide equivalent (tCO2e) for shortfalls arising in Target Period 5.

Reduced Rates

The Climate Change Agreements (Eligible Facilities) Regulations 2012 are amended to extend eligibility for reduced rates of climate change levy until 31 March 2025. This was previously due to end on 31 March 2023.

Background

The climate change levy is a tax on the supply of a range of fuels including electricity, natural gas, liquefied petroleum gas and solid fuels when supplied for use by the private and public sectors.

The climate change levy was introduced on 1 April 2001 by the Finance Act 2000 as part of the UK’s Climate Change Programme.

 

 

Greenspace subscribers receive full monthly updates summarising new and forthcoming legislation applicable to their organisation.

To receive these free updates by email, please subscribe to our mailing list. For a free trial and demonstration of Greenspace or a quotation, please contact us by email

Back to Free Updates
 

Waterman Group, Belgrave House, 47 Bank Street, Sheffield, S1 2DR
t +44 1142 298900, d +44 3300 602 764, e anne.turley@watermangroup.com
Privacy Policy / Data Protection Notice

SITE BY TIM POWELL
& DATABASECREATIONS.CO.UK
 

Free Legal Updates

* indicates required

Permissions

Waterman will email you a monthly update of developments in Environmental Legislation and occasional details about the Greenspace platform. You can unsubscibe at any time.

A Waterman consultant will email you login codes to trial the system along with a copy of the Greenspace Service Guide.

Thank You

Thank you for your subscribling to the Greenspace Mailing list. Please check your email to confirm your subscription.