MAPI Analysis Sees EPA Findings and Rule on GHGs Possible Precursor to Cap-and-Trade

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5/5/2009

MAPI Analysis Sees EPA Findings and Rule on GHGs Possible Precursor to Cap-and-Trade

The Environmental Protection Agency (EPA) signaled a major shift in it policies by recently finding greenhouse gases (GHGs) are a danger to public health and by proposing mandatory GHG reporting starting on January 1, 2010. According to a Manufacturers Alliance/MAPI report this determination could be a precursor to the regulation of GHG emissions, possibly through a cap-and-trade system.

First Steps Toward Cap-and-Trade: EPA Calls Greenhouse Gases Dangerous to Public Health and Proposes Mandatory GHG Emissions Reporting (LAR-499) summarizes both the rule and the endangerment findings, provides links to supporting documentation, and describes potential transactional issues for manufacturers to consider as they strategize compliance efforts.

The mandatory reporting proposal is an important change, with many conceivable short- and long-term impacts for the manufacturing sector. In the short term, industry will likely be required to conduct additional monitoring and reporting on GHG emissions. In the long term, this is likely just a first step toward greater GHG regulation, and may foreshadow the U.S. adoption of a cap-and-trade system.

The analysis includes a summary chart of rule requirements, other related documents and a comprehensive appendix of materials for easy use and reference.

Posted at 2:33 PM by 37584 | Category: Legal & Regulatory | Permalink | Email this Post