Rep. Eliot Engel (D-N.Y.) has has introduced a bill that would require companies to begin tracking and reporting their greenhouse gas emissions.
The Greenhouse Gas Accountability Act of 2007 would require companies to report greenhouse gas emissions by entity and by facility.
“To construct a comprehensive economywide global warming policy, we have to know what we are currently emitting, who is emitting it, and data on where in the economy it makes sense to regulate,” Engel said. “A comprehensive registry will give us all the data we need to craft future legislation and intelligently decide how to allocate credit in a cap-and-trade system.”
The greenhouse gas emission reports would not only help policymakers create climate change legislation, but by requiring the report by entity and facility, it would allow the public to hold companies accountable for their actions to address global warming, he said.
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