Section 156 | Power to make provision for linked emissions trading schemes

(1)The Treasury may by regulations amend this Part for the purpose of—

(a)excluding emissions embodied in goods that originate from a country or territory with a linked emissions trading scheme from the charge to CBAM;

(b)providing that such goods are to be disregarded when calculating the aggregate value of imports for the purposes of Part 2 of Schedule 2 (registration).

(2)In this section, “a country or territory with a linked emissions trading scheme” means—

(a)a country or territory that has entered into arrangements with the United Kingdom for the purpose of linking its emissions trading scheme with the UK Emissions Trading Scheme, or

(b)a country or territory that has entered into arrangements with a country or territory of a kind referred to in paragraph (a) for the purpose of linking its emissions trading scheme with that country or territory’s emissions trading scheme.