The supposition was that it was the equivalent of borrowing under the EU ETS and that certificates under that scheme remain valid. They do between individual years but they certainly do not between five-year periods, which are the different phases of the EU ETS. So they are cancelled; you cannot bank between phases of the EU ETS.
Climate Change Bill [HL]
Proceeding contribution from
Lord Teverson
(Liberal Democrat)
in the House of Lords on Tuesday, 8 January 2008.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Climate Change Bill [HL].
Type
Proceeding contribution
Reference
697 c827 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2023-12-16 02:00:54 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_432348
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