. ● Issues to flag The current absence of a Northern Ireland Executive poses risks to future ETS amendments where the legislation requires to be approved by the four legislatures, including the Northern Irish Assembly. ● Relevant legislation Following the UK’s withdrawal from the EU, the EU ETS Regulations were brought into the UK legislation as retained EU law: o The legal basis for the UK ETS is the Climate Change Act (2008), which enables the establishment of trading schemes which operate by limiting or encouraging the limitation of activities that consist of the emission of greenhouse gases. o The Finance Act (2020) allows the UK Government to charge participants by providing for emissions allowances to be allocated in return for payment.