18:00 Graham Stuart (Conservative)

That the Committee has considered the draft Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 3) Order 2022.

The UK emissions trading scheme, the UK ETS, was established under the Climate Change Act 2008 by the Greenhouse Gas Emissions Trading Scheme Order 2020 as a UK-wide greenhouse gas emissions trading scheme to encourage cost-effective emissions reductions, contributing to the UK’s emissions reduction targets and net zero goal. The scheme replaced the UK’s participation in the European Union ETS, and the 2020 order applied existing rules on the monitoring, reporting and verification of emissions, with modifications to ensure that they work for the UK ETS. The purpose of this order is to amend the 2020 order to enable the inclusion of flights from Great Britain to Switzerland within the scope of the UK ETS.

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