Dispatched by the SSC Team
The EPA’s guide for small business reporting of GHG emissions lays out the rules and requirements of the regulation, particularly as it relates to SMEs. The Mandatory Reporting of Greenhouse Gases includes a facility-produced annual emissions report of of carbon dioxide, methane, nitrous oxide, among other GHGs, and applies to upstream suppliers of fossil fuels and downstream facilities emitting in excess of 25,000 metric tons. Due to amendments to previous rules, large companies that manufacture vehicles and engines must also report, but small companies are mostly exempt.
Given the 25,000 metric ton minimum threshold for reporting requirements, the EPA estimates that most small businesses will not face mandatory reporting. However, there are plenty of other reasons to consider your GHG emissions. According to a greenbiz.com article published last year, these include increasing instances of what appear to be “pre-compliance” markets, or voluntary carbon markets such as Evolution Markets. These allows small companies to hedge against potentially expensive carbon pricing in the future, while allowing them to develop expertise in GHG reduction and reporting before it becomes a mandate.
Click here for the EPA’s full reporting rules and amendments.
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