|Policy status:||In Force|
2012 (29 December)
|Policy Type:||Regulatory Instruments, Economic Instruments>Market-based instruments>GHG emissions trading|
|Climate Change Policy Targets:||Energy Sector, Framework/ Multi-sectoral Policy|
|Agency:||Ministry of Environment|
|Legal References:||Royal Decree 5/2004; Law 1/2005; Royal Decree 172/2012; (EC Directive 2009/29/CE on Emissions Trading)|
|Climate Change Description:|
The Spanish government approved in September 2004, a Decree/Law which regulated the Spanish emission trading system. The Decree included the establishment of a National Registry, managed by the Ministry of Environment, which handles all the data referring to the emission rights. It also considers the creation of an Interministerial Commission to analyse and approve Clean Development Mechanism (CDM) projects. This Commission will act as National Authority and will be constituted by members of four ministries and the Presidents Economic Office.
The Royal Decree of 2012 regulates some formal aspects of emissions trading allocation, required competence and procedural aspects and clarifies the obligations of the trading facilities.
Last modified: Mon, 06 May 2013 16:30:30 CEST