101 UK Brexit Notes

Connemara Programme October 16 2018 pg. 182 Energy intensive industry relief schemes participants: Businesses that currently benefit from energy intensive industry relief schemes for the indirect policy costs of carbon pricing should continue to comply with the requirements set out in the government guidance for these schemes. Kyoto Protocol National Registry As the UK may not be guaranteed access to the Consolidated System of European Registries in a ‘no deal’ scenario, the UK may not have the ability to provide routine and essential administrative support to holders of accounts in the UK Kyoto Protocol National Registry which is located within the consolidated European system. The UK government is considering contingency measures for this scenario and will issue further advice later this year. In the meantime: account holders who use their accounts to trade Certified Emission Reductions and Emission Reduction Units may want to consider opening an account in another country’s registry for this purpose, Clean Development Mechanism project developers should consider the information in this notice carefully before approaching the UK’s Designated National Authority for new letters of approval, Clean Development Mechanism project developers who have previously received a letter of approval from the UK Designated National Authority may want to consider whether to reapply for a letter of approval from a different Designated National Authority and the timescales for securing this. Geological storage of carbon dioxide Developers of facilities for geological storage of carbon dioxide in areas where the Oil and Gas Authority is the licensing authority may contact the Oil and Gas Authority for further information about its implementation of changes to the licensing regime, once these changes come into force. Installations do not need to be located inside this area, to access geological storage facilities within this area. Elsewhere (that is, in Scotland and Northern Ireland) developers should contact the relevant devolved administration to confirm when regulatory updates would be implemented.