Compliance with California Cap and Trade and Carbon Reporting Legislation
By Evelyn Neumayr on Mar 14, 2012
In one of my previous posts, I talked about greenhouse gas (GHG) reporting requirements in Australia and how companies can address those requirements using Oracle Environmental Accounting and Reporting. Since then I've received several questions about how companies can address GHG reporting requirements imposed by the upcoming cap-and-trade program in California. Here I'll provide an overview of those new regulations as well as where you can get more detailed information.
In January 2012 California plans to launch a cap-and-trade program that will cover electricity generation as well as industrial sources that emit 25,000 tons or more each year in carbon emissions. The new cap-and-trade regulation, which will cover some 360 businesses representing 600 facilities, is divided into two phases. The first phase begins in 2013 and will include all major industrial sources and electricity utilities. The second phase starts in 2015 and will include distributors of transportation fuels, natural gas and other fuels. The goal is to reduce emissions to 1990 levels by the year 2020, and to 80 percent below the 1990 levels by the year 2050.
You can obtain full details on how the program works and how you can use Oracle Environmental Accounting and Reporting here.
By Elena Avesani, Principal Product Strategy Manager, Oracle