delete The Domestic Aviation Cap
These Regulations provide carbon accounting adjustments for 2020, setting a threshold of 104,023,383 carbon units for UK ETS operators and defining domestic aviation emissions and cap calculations. They require carbon units above or below these thresholds to be credited or debited to the net UK carbon account, mandate cancellation of certain credited carbon units during 2023-2024, and amend the 2009 Carbon Accounting Regulations.
These regulations perpetuate the EU-derived emissions trading framework that distorts energy markets, raises costs for businesses and consumers, and transfers wealth from the private sector to the state through carbon credit auctions. Post-Brexit, retaining accounting mechanisms referencing the EU Union Registry (which no longer applies to the UK) perpetuates bureaucratic integration without democratic scrutiny. The domestic aviation cap restricts an industry crucial to economic connectivity. Carbon trading schemes create moral hazard, suppress genuine market signals for innovation, and their claimed environmental benefits are offset by driving economic activity to less regulated jurisdictions. The 2020-specific provisions represent historical accounting that should be deleted rather than maintained as part of the regulatory estate.