EU Regulation 550/2011 - Carbon trading
EU Regulation 550/2011 published 8 June
Carbon trading - EU
EU Regulation 550/2011 restricts the use of international credits from projects involving industrial gases under Directive 2003/87/EC – the EU emissions trading scheme (ETS) Directive. The inclusion of industrial gas projects in the Kyoto Protocol offsetting arrangements – the joint implementation and clean development mechanism – and its use by organisations covered by the ETS has raised environmental concerns, particularly the high rates of return from the destruction of HFC-23, which stimulates the continued production and use of chlorodifluoromethane (HCFC-22), a potent ozone-depleting and greenhouse-gas substance.
The Competition and Markets Authority (CMA) has published a new 'Green Claims Code' to ensure businesses are not misleading consumers about their environmental credentials.
In Elliott-Smith v Secretary of State for Business, Energy and Industrial Strategy, the claimant applied for judicial review of the legality of the defendants’ joint decision to create the UK Emissions Trading Scheme (UK ETS) as a substitute for UK participation in the EU Emissions Trading Scheme (EU ETS).
In R. (on the application of Hudson) v Windsor and Maidenhead RBC, the appellant appealed against a decision to uphold the local authority’s grant of planning permission for the construction of a holiday village at the Legoland Windsor Resort.