The Environmental Protection Agency's (EPA) proposed mandatory greenhouse gas (GHG) emissions reporting might sound ominous to energy-intensive industries but the American Chemistry Council (ACC) is actually very supportive of this.
ACC says a US reporting system such as this is needed as a basis for discussion, development and implementation of a national climate policy.
"Consistent with our forward-looking approach to climate issues, ACC member companies track greenhouse gas emissions data and report it to ACC as a requirement of membership under our Responsible Care® program."
Emissions from ACC member companies between 1990 and 2007 already fell 13.2% exceeding Kyoto Protocol Requirements, the group said. Companies under the Responsible Care program have publicly reported their GHG emission data since 2005.
I wonder if other large GHG emitters such as cement, coal, electricity, petroleum have the same GHG emission type of reporting such as ACC's? This will definitely make EPA's job a lot easier.
Also around 40-50 large livestock operations are expected to report their GHG based on EPA's emission source data. Unless of course if methane emissions from those facilities will be captured for use.
I'm hearing "ka-ching" from methane capture system suppliers.
According to the EPA, approximately 13,000 facilities accounting for 85%-90% of GHG emitted in the US would be covered under the proposal. Petroleum suppliers, industrial chemicals, motor vehicle and engine manufacturers were specifically included although EPA says small businesses would not be required to report their emissions because their emissions fall well below the threshold of 25,000 metric tons of carbon dioxide equivalent per year.
The EPA says an average annual household emissions in the US are about 11 metric tons.
The first annual report would be submitted to EPA in 2011 for the calendar year 2010, except for vehicle and engine manufacturers, which would begin reporting for model year 2011.
EPA estimates that the expected cost to comply with the reporting requirements to the private sector would be $160 million for the first year. In subsequent years, the annualized costs for the private sector would be $127 million.