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The U.S. Environmental Protection Agency has proposed amendments to Greenhouse Gas Reporting Program (GHGRP) requirements in an attempt to address industry concerns over revealing confidential business data. The GHGRP collects greenhouse gas data from forty-one source categories to “help us better understand where greenhouse gas emissions are coming from and improve our ability to make informed policy, business, and regulatory decisions,” according to the EPA. Calculating emissions within many industries involves equations that require detailed data, much of it considered confidential by the affected industry. Under current rules, such data would be categorized as “inputs to emission equations” and have… [more]
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As the US nears the “fiscal cliff,” the idea of a revenue-neutral carbon “tax swap,” which would see revenue from a carbon tax used to reduce other taxes, while driving innovation in energy efficiency and alternative energy, has been proposed by a number of policymakers and academics. A new report from the Institute for Energy Research argues against the carbon “tax swap,” pointing to technical and pragmatic flaws, such as the probability of emissions “leaking” to other, less regulated regions, like China. A report from MIT, however, found that a carbon tax would have multiple benefits, such as reducing emissions,… [more]
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