This Act aims to promote a cost-effective and economical reduction of greenhouse gas emissions from facilities, maritime transport, and the aviation sector including the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) system. Additionally, this law mandates reporting emissions data within the emissions trading system for the construction and road transport sectors and other additional sectors. This legislation enforces specific provisions of the European Parliament and Council Directive 2003/87/EC, which relates to emissions trading for installations, maritime transport, and aviation, including the CORSIA system, unless otherwise stipulated by another law.
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- Emissions Trading Act (No. 1270 of 2023)
Emissions Trading Act (No. 1270 of 2023)
Sectors: Transport, Other
Examples:
Resilient infrastructure, Fossil fuel divestment, Net zero growth plan, Sustainable fishing
Main document
Emissions Trading Act (No. 1270 of 2023)
(Original Language)PDF
Timeline
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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.