New York Proposes Mandatory Greenhouse Gas Reporting Program

In a significant step toward enhancing transparency and supporting the state's ambitious climate goals, the New York State Department of Environmental Conservation (DEC) has introduced draft regulations for a Mandatory Greenhouse Gas Reporting Program. This initiative is designed to gather detailed information on greenhouse gas (GHG) emissions, which is crucial for understanding and addressing the sources of these emissions. The program aligns with the statutory mandates included in the Climate Leadership and Community Protection Act, which requires New York to reduce GHG emissions by 40% by 2030 and 85% by 2050, in each case relative to 1990 levels. Importantly, the DEC underscores that this is a reporting-only program and that reporting entities will not be required to make any emissions reductions under the program, including through the purchase of emissions allowances.