March 11, 2009 - The U.S. Environmental Protection Agency has proposed a national system for reporting greenhouse gas emissions produced by major sources in the United States.

"Our efforts to confront climate change must be guided by the best possible information," EPA Administrator Lisa P. Jackson said in a statement. "Through this new reporting, we will have comprehensive and accurate data about the production of greenhouse gases. This is a critical step toward helping us better protect our health and environment – all without placing an onerous burden on our nation’s small businesses."

The new reporting requirements would apply to suppliers of fossil fuel and industrial chemicals, manufacturers of motor vehicles and engines, and any other direct emitters of greenhouse gases totaling at least 25,000 metric tons a year.

EPA estimates that the new reporting requirements would cost the private sector about $160 million for the first year and $127 million for each subsequent year.

The proposed rule will be open for public comment for 60 days.