Factsheet: Greenhouse gas emission allowance trading

Greenhouse gas emission allowance trading

Key Information
Full name of Instrument & Measure (English): 
Act No. XV of 2005 on greenhouse gas emission allowance trading.
Full name of Instrument & Measure (native language): 
2005. évi XV. törvény az üvegházhatású gázok kibocsátási egységeinek kereskedelméről
Description: 
The purpose of this Act is to reduce the risk of climate change caused by human activities through the creation of the conditions permitting the participation of Hungary in the scheme of greenhouse gas emission allowance trading within the European Community and in international projects. The provisions of this Act must be applied to the activities emitting greenhouse gases listed in Annex 1. These activities must bear an emission authorization issued by the environmental authority. According to Community legislation, this Act comprises also rules regarding the obligations (reporting and monitoring of emissions) of aviation activities.
Goal/Aim: 
- Limit the GHG emissions of industrial installations. - Limit the GHG emissions in aviation.

Sector/Topic targeted:

Responsible Authority: 
Minisztérium környezetvédelmi és Vizügyi - Ministry of Environment and Water

Status:

Year Instrument & Measure Started: 
2005
Year Last Instrument & Measure was last Amended: 
2012