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Template:M summ EUA Annex Specified Compliance Period: Difference between revisions
Template:M summ EUA Annex Specified Compliance Period (view source)
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[[Specified Compliance Period - Emissions Annex Provision|The]] EU emissions trading scheme divides into a number of | [[Specified Compliance Period - Emissions Annex Provision|The]] EU emissions trading scheme divides into a number of “{{euaprov|Compliance Periods}}”. The first was three years January 2005 to December 2007, the second was four, from from January 2008 until December 2012, coinciding with the first commitment period of the Kyoto Protocol. The {{euaprov|Third Compliance Period}} was eight years, from January 2013 to December 2020. The {{euaprov|Fourth Compliance Period}}, also eight years started in January 2021 and will go until December 2030. | ||
This is of some interest to those trading for [[physical settlement]] {{euaprov|Allowances}} that might expire. | This is of some interest to those trading for [[physical settlement]] {{euaprov|Allowances}} that might expire. | ||
===Scope=== | |||
There is an interesting limitation penned into the {{euaprov|Scope}} section of the [[Emissions Annex Anatomy|Emissions Annex]]: despite talking about the {{euaprov|Third Compliance Period}}, and defining it, and so on, and providing for the manifold contingencies that arise when having truck with {{euaprov|Third Compliance Period}} {{euaprov|Allowance}}s, if you believe the [[Scope - Emissions Annex Provision|Scope]] section to be any kind of limitation, you are only meant to deal with {{euaprov|Fourth Compliance Period}} {{euaprov|Allowance}}s. | |||
No doubt someone will have a compelling reason for that — do write in if it’s you — but we can’t think of one. | |||