Landfill Allowance Trading Scheme: Difference between revisions

Landfill Allowance Trading Scheme (view source)

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 [[Category:Legislation & Policy]] [[Category:Economics]]
-The Landfill Allowance Trading Scheme (LATS) was introduced by [[DEFRA]] on 1st April 2005 as a way to enable the UK the meet the [[Landfill Directive]] targets of reducing the amount of [[Biodegradable Municipal Waste]] being sent to landfill in a cost-effective way.
+The [[Landfill Allowance Trading Scheme]] ([[LATS]]) was introduced by [[DEFRA]] on 1st April 2005 as a way to enable the UK the meet the [[Landfill Directive]] targets of reducing the amount of [[Biodegradable Municipal Waste]] being sent to landfill in a cost-effective way.
-The LATS set annual tradeable landfill allocations for [[Waste Disposal Authorities]] which had to be met otherwise the penalty was £150 for each tonne of waste the [[Waste Disposal Authorities]] landfilled above their allowance.
+The LATS set annual tradeable landfill allocations for [[Waste Disposal Authorities]]. The penalty for landfilling above the allowance was £150 for each tonne of waste.
 By making the allowances tradeable, high performing authorities and those with [[Energy from Waste]] facilities were able to sell unused permits to other [[Waste Disposal Authorities]] that required them. Allowances could also be ‘banked’ for use at a later date <ref>The Landfill Allowance Trading Scheme and Commercial Waste, Paul Gareth Jones, 2006 https://www.uea.ac.uk/documents/541248/10788799/Jones+Gareth.pdf/e043e3ac-3bbd-4163-a978-8e3091fa7ecd</ref>.