Jan. 1, 2016: New GHG Reporting Requirements Take Effect
Posted On December 21, 2015
The new Greenhouse Gas Industrial Reporting and Control Act will take effect on Jan. 1, 2016. The new statute and related regulations:
- Combine several pieces of existing GHG legislation into a single legislative framework
- Include the ability to set a GHG emissions intensity benchmark for regulated industries, including LNG facilities
- Enable the benchmark to be met through flexible options, such as purchasing offsets or paying a set price per tonne of GHG emissions that would be dedicated to a technology fund.
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