Greenhouse Gas Emissions and Cap and Trade

On March 10, 2009, EPA proposed a sweeping regulation to “require reporting of greenhouse gas emissions.” EPA-HQ- 2008-0508, p. 1. The list of potentially affected industries is lengthy, encompassing “all sectors of the economy.” Id. The proposed rule would require reporting of annual emissions of carbon dioxide (CO2), methane (CH4), and several other ‘greenhouse gases’ (GHG). Id., at p. 19. EPA states that GHG from “human activities are … very likely influencing the earth’s climate.” Id., at p. 26. EPA estimated the compliance costs for the first year of reporting would be $168 million, with an annualized cost thereafter of $138 million. Id., at pp. 778-779. Continue reading “Greenhouse Gas Emissions and Cap and Trade”