|Policy Type:||Economic Instruments>Market-based instruments, Economic Instruments>Market-based instruments>GHG emissions trading|
|Policy Target:||Framework/ Multi-sectoral Policy|
|Agency:||Ministry of Environment|
|Legal References:||Act on System to Manage the Emissions of Greenhouse Gases and Other Substances|
The new law, entitled the Greenhouse Gas Emissions Allowance Trading Scheme Act, is designed to create a transparent set of regulations for: ? classification of installations covered by the emissions allowance trading scheme ? inclusion of flight operations by airlines in the system ? rules for trading of emissions allowances ? rules for auctioning of emissions allowances ? creation of an effective system of sanctions to ensure compliance with obligations under the act The changes introduced by the new act will not be revolutionary, as emissions allowances during the second trading period (2008?2012) are being allocated under the same rules, i.e. under the national allocation plan. The new act does contain regulations concerning sale of some allowances by auction, however. Within this new act, the authority administering the trading scheme in Poland will change from the National Administrator of the Emission Trading Scheme (KASHUE) to the National Centre for Emissions Balancing and Management (KOBiZE). One important change is inclusion of aviation within the trading scheme, alongside energy and industry, implementing the amendments to Directive 2003/87/EC. The new act also introduces the rule of free disposal of emissions allowances, permitting allowances not used during a current trading period to be replaced by a corresponding number of allowances valid during the following period. Significantly, under the new act, beginning 1 January 2013 the scheme will include not just carbon dioxide (CO2), but other greenhouse gases as well, namely nitrous oxide (N2O), as well as perfluorocarbons (PFCs).
Last modified: Mon, 19 Sep 2016 12:54:48 CEST