The EU ETS is one of the most important economic tools to reduce GHG emissions. The scheme for GHG emission allowance trading within the Community is established in the Directive 2003/87/EC, as amended. This legislation is transposed into the Czech legal system by Act 383/2012 Coll. on conditions for trading of emission allowances, as amended. This Act defines what facilities are subject to the system and the rights and obligations of operators. Operators monitor their emissions, report to the Ministry of the Environment and receive allowances. Part of the allowances is allocated free of charge; the remainder may be bought at the marketplace or in auctions. Allowances exist and can be transferred between allowance accounts within the registry, which is administered by the Czech electricity and gas market operator OTE, a.s.
Act 383/2012 Coll. on conditions for trading of emission allowances, last amended by Act No. 481/2024 Coll.
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About this law
Year
2012
Most recent update
01/01/2025
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Mitigation
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Energy
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Just transition
Renewable energy
Fossil fuel
Greenhouse gas
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Finance
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