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Overview of Current Bills in the U.S. Senate with Registry Components


S. 1766 (Daschle)

S. 1870 (Corzine)

S. 1716 (Kerry)

S. 1781 (McCain)

S. 1294 (Murkowski)

Purpose

Establish a two-tier reporting system: a mandatory inventory for significant emitters and a voluntary registry for reduction projects

Establish a two-tier reporting system: a mandatory inventory for significant emitters and a voluntary registry for reduction projects

Establish a mandatory reporting system for significant emitters

Establish a voluntary emission reductions registry to promote emissions trading

Expand and improve the 1605(b) program.

Date Introduced

12/05/01

12/20/01

11/15/01

12/06/01

08/01/2001

Relevant Sections

§1101-1104

§701-704

§201

§101-103

§7

Implementing Department/Agency

Commerce;  interagency task force chaired by EPA or DOE, in revolving terms, will advise.

EPA

Commerce; interagency task force also involved

Commerce; implementation panel will advise

Energy

Time Frame

Program would begin w/in one year of publishing notice for negotiated rulemaking

Initial reporting in 2003; full and voluntary reporting in 2004

Within four years of enactment

None

None

Is Participation

Mandatory or Voluntary?

Entities that exceed an emissions threshold will be required to report to an inventory portion of the database;

reporting reductions to a registry portion is voluntary

Entities that exceed an emissions threshold will be required to report to an inventory portion of the database;

Reporting reductions to a registry portion is voluntary

Mandatory for covered sources; any entity may report voluntarily

Voluntary

Voluntary

Is Reporting at the Entity or Facility/Project Level?

Mandatory reporting to the inventory is at the entity level, aggregated from the facility level; reductions may be reported at the project level to the voluntary registry

Mandatory reporting to the inventory is at the entity level, aggregated from the facility level; reductions may be reported at the project level to the voluntary registry

Entity level, aggregated from the facility level

Unclear.  Entity-wide and source both identified with no distinction clearly made

Both currently allowed.  Bill would require EIA to consider comparability issues between the two

Are Total Emissions or Emission Reductions Reported?

Total emissions are reported in the inventory; reductions are reported to the registry

Total emissions are reported in the inventory; reductions are reported to the registry

Both are reported

Both.  Total emissions are required for the baseline

Both

What is the Reporting Scope: Direct and/or Indirect?

Mandatory reporting includes direct emissions and indirect emissions from energy purchases and other activities

Mandatory reporting includes direct emissions and indirect emissions from energy purchases and other activities

Direct and indirect emissions will be covered

Implementation panel will decide scope issues

Both

Are Offsite Project Reductions and Sequestration Included

Yes, in the voluntary registry

Yes, in the voluntary registry

Yes

Yes

Yes

Are Trades of Emission Reductions Tracked?

Yes, through the registry

Yes, through the registry

No

Yes

This would be reviewed

What Types of Recognition (Public and Regulatory) Are Available?

None.  Data is made publicly available on the internet

None.  Data is made publicly available on the internet

None. Data is to be made public

Registry will publicize and promote participants; reductions will be credited against future regulations

Establishes a formal public recognition program for 1605(b)

What are the Requirements for Verification?

Objective and independent assessment

Objective and independent assessment; 3rd party optional

No explicit provisions, though 3rd party is implied

3rd party verification

Verification requirements would be reviewed

Are their Enforcement Penalties?

Yes: $25,000/day for non-compliance

Yes: $25,000/day for non-compliance

Yes: $25,000/day for non-compliance

None

None

How Does the Bill Handle Quantification and Data Issues?

NIST will develop methods; Task force will provide overall guidance

EPA, with input from other agencies, States, and stakeholders shall develop quantification and verification protocols and accounting and reporting standards

NIST will develop methods

NIST will develop methods

EIA would review improvements to its guidance

Who Would Administer the Program?

Commerce initially; outside administration by a non-profit will be considered for later years

EPA

NIST

Private, independent registries; NIST would aggregate national data

EIA

GHG State Registry Collaborative
 

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