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Ley 1/2005, de 9 de marzo, por la que se regula el régimen del comercio de derechos de emisión de gases de efecto invernadero

Law 1/2005, of March 9, which regulates the trading system for greenhouse gas emission rights

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Summary

Through Law 1/2005, Spain has implemented the EU Emissions Trading System (ETS), the most important European measure pursuing the reduction of greenhouse gas. We are currently in the third phase (2013–2020), which is consistent with the second commitment period of the Kyoto Protocol. According to Law 1/2005, which also incorporates the provisions set by the Commission Regulation 601/2012 on Monitoring and Reporting, owners of facilities have to implement and maintain a monitoring system of greenhouse gas in compliance with the conditions of their emissions authorization, and to submit an annual report before the competent authorities before February 28th each year.

Thumbnail image for Through Law 1/2005, Spain has implemented the EU Emissions Trading System (ETS), the most important European measure pursuing the reduction of greenhouse gas. We are currently in the third phase (2013–2020), which is consistent with the second commitment period of the Kyoto Protocol. According to Law 1/2005, which also incorporates the provisions set by the Commission Regulation 601/2012 on Monitoring and Reporting, owners of facilities have to implement and maintain a monitoring system of greenhouse gas in compliance with the conditions of their emissions authorization, and to submit an annual report before the competent authorities before February 28th each year.
Issuer

Spain

Year

2005

Region

Europe

Issuer (type)

Ministry of Ecological Transition and the Demographic Challenge (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Manufacturing
  • Mining, Quarrying, Oil & Gas Extraction
  • Transportation & Warehousing
  • Administrative, Support, Waste Management
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 7: Affordable and Clean Energy
  • SDG 9: Industry, Innovation, and Infrastructure
  • SDG 13: Climate Action
  • SDG 16: Peace, Justice, and Strong Institutions

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