The Environmental Protection Agency (EPA) today released its proposed rule on mandatory reporting of greenhouse gases (GHG). This proposal would be the first comprehensive national system for reporting emissions of carbon dioxide and other GHG produced by major sources in the United States. EPA Administrator Lisa P. Jackson stated last month “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 – all without placing an onerous burden on our nation’s small businesses.”
The new reporting requirements would apply to suppliers of fossil fuel and industrial chemicals, manufacturers of motor vehicles and engines, as well as direct emitters of GHG with emissions equal to or greater than 25,000 metric tons per year. The majority of small businesses would not be required to report their emissions because their emissions fall well below the threshold.
The first annual report would be submitted to EPA in 2011 for the calendar year 2010. The exception would be for vehicle and engine manufacturers, who would not begin reporting until 2011. It is estimated that complying with the requirements will cost the private sector $160 million in the first year and $127 million in subsequent years.
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