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The Foundation For Federal Cap-And-Trade

Law360 (April 27, 2009, 12:00 AM EDT) -- In what many see as a first step toward economy-wide cap-and-trade legislation, the U.S. Environmental Protection Agency recently published a proposed rule that would require certain facilities to monitor and report their greenhouse gas emissions.[1]

In December 2007, Congress required the EPA to gather GHG emissions information, which should lay the foundation for cap-and-trade legislation. The rule is only at the proposal stage.

The EPA is accepting public comment on the proposal until June 9, 2009, and has conducted public hearings during the comment period. The...
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