U.S. EPA Proposes Mandatory Reporting of Greenhouse Gases
U.S. EPA took the first big step toward regulation of carbon dioxide and other greenhouse gases this week when it proposed a national system in which major sources would be required to report their greenhouse gas emissions. Knowing the amount of greenhouse gases emitted by the major sources will aid the federal government in developing climate change regulations, particularly the reduction of greenhouse gas emissions under a cap and trade program. EPA Administrator Lisa P. Jackson explained, “Through this new reporting, we will have comprehensive and accurate data about the production of greenhouse gases. This is a critical step toward helping us better protect our health and environment.”
According to U.S. EPA, approximately 13,000 facilities, accounting for about 85 percent to 90 percent of greenhouse gases emitted in the United States, would be covered under the proposed rule. The reporting requirements would apply to the following facilities:
- Suppliers of fossil fuels and industrial chemicals;
- Manufacturers of motor vehicles and engines; and
- Large direct emitters of greenhouse gases with emissions equal to or greater than a threshold of 25,000 metric tons per year.
Once the proposed rule is published in the federal registrar, parties will have only 60 days to submit comments. U.S. EPA will have to finalize the rule by the end of this year if it will be requiring companies to start calculating and recording their greenhouse gas emissions next year. We can assist you in understanding the requirements of the proposed rule and submitting comments to U.S. EPA.