The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025
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8 Amendment of article 23 (CRTS credits: conversion of unused CCTS allowances)
(1) Article 23 is amended as follows. (2) In paragraph (1), in sub-paragraph (c), for “the 2024 scheme year, the 2025 scheme year or the 2026 scheme year” substitute “any scheme year other than the 2030 scheme year”. (3) In paragraph (4), for “12.6%” substitute “25.2%”. (4) In paragraph (5), for “8.25%” substitute “26.4%”. (5) After paragraph (5), insert— (5A) A request under paragraph (1) to exchange unused CCTS allowances allocated for the 2027 scheme year is limited to a number of CRTS credits which does not exceed 26.6% of the total number of cars of which the CRTS participant is the manufacturer and which were registered during that scheme year. (5B) A request under paragraph (1) to exchange unused CCTS allowances allocated for the 2028 scheme year is limited to a number of CRTS credits which does not exceed 31.2% of the total number of cars of which the CRTS participant is the manufacturer and which were registered during that scheme year. (5C) A request under paragraph (1) to exchange unused CCTS allowances allocated for the 2029 scheme year is limited to a number of CRTS credits which does not exceed 33% of the total number of cars of which the CRTS participant is the manufacturer and which were registered during that scheme year. .
8 Amendment of article 23 (CRTS credits: conversion of unused CCTS allowances)
(1) Article 23 is amended as follows. (2) In paragraph (1), in sub-paragraph (c), for “the 2024 scheme year, the 2025 scheme year or the 2026 scheme year” substitute “any scheme year other than the 2030 scheme year”. (3) In paragraph (4), for “12.6%” substitute “25.2%”. (4) In paragraph (5), for “8.25%” substitute “26.4%”. (5) After paragraph (5), insert— (5A) A request under paragraph (1) to exchange unused CCTS allowances allocated for the 2027 scheme year is limited to a number of CRTS credits which does not exceed 26.6% of the total number of cars of which the CRTS participant is the manufacturer and which were registered during that scheme year. (5B) A request under paragraph (1) to exchange unused CCTS allowances allocated for the 2028 scheme year is limited to a number of CRTS credits which does not exceed 31.2% of the total number of cars of which the CRTS participant is the manufacturer and which were registered during that scheme year. (5C) A request under paragraph (1) to exchange unused CCTS allowances allocated for the 2029 scheme year is limited to a number of CRTS credits which does not exceed 33% of the total number of cars of which the CRTS participant is the manufacturer and which were registered during that scheme year. .
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