delete The Climate Change Act 2008 (Credit Limit) Order 2016
Sets a limit of 55,000,000 carbon units on the net amount creditable to the UK carbon account for the 2018-2022 budgetary period, excluding EU ETS credits already accounted for separately. Implements section 27(3) of the Climate Change Act 2008.
The 2018-2022 budgetary period has long since expired, rendering this Order functionally irrelevant. As retained EU law implementing the EU Emissions Trading Scheme, it represents exactly the type of inherited bureaucratic mechanism that should have been reviewed post-Brexit. Carbon trading schemes distort market signals, impose compliance costs that erode industrial competitiveness, and create opportunities for regulatory arbitrage rather than genuine emissions reductions. The limit itself is arbitrary — if emissions trading has merit, the market should determine credit allocation; if it doesn't, the entire edifice should be dismantled rather than patched with arbitrary numerical limits.