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Legislation
Finance Act 2019

Crossheading Preparatory expenditure

  • Section 91 Emissions reduction trading scheme: preparatory expenditure
  1. Preparatory expenditure
  2. Emissions reduction trading scheme: preparatory expenditure

Section 91 | Emissions reduction trading scheme: preparatory expenditure

From legislation.gov.uk

(1)The Secretary of State may incur expenditure in preparing for the introduction of a scheme for charges to be imposed for the allocation of emissions allowances.

(2)In subsection (1), “emissions allowance” means an allowance under paragraph 5 of Schedule 2 to the Climate Change Act 2008 relating to a trading scheme dealt with under Part 1 of that Schedule (schemes limiting activities relating to emissions of greenhouse gas).

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