CAP Regulatory Compliance & Reporting 2

Question 1

Under the EPA's Mandatory Greenhouse Gas Reporting Rule (40 CFR Part 98), which facilities are required to report?

Accepted Answer

Facilities emitting 25,000 metric tons CO2e or more per year

Answer

40 CFR Part 98 requires facilities that emit 25,000 metric tons CO2e or more annually to report to EPA.

Question 2

The SEC's climate disclosure rules require publicly traded companies to report Scope 1 and Scope 2 emissions. What additional disclosure may be required for larger accelerated filers?

Accepted Answer

Scope 3 (value chain emissions) if material

Answer

Larger accelerated filers must also disclose Scope 3 emissions if they are material or included in climate targets.

Question 3

California's Cap-and-Trade Program is administered by which agency?

Accepted Answer

California Air Resources Board (CARB)

Answer

CARB administers California's Cap-and-Trade Program under AB 32 and subsequent legislation.

Question 4

In the EU Emissions Trading System (EU ETS), what is the function of the 'linear reduction factor' (LRF)?

Accepted Answer

Determines the annual decrease in total allowances issued

Answer

The LRF mandates a fixed annual percentage reduction in the total cap of allowances, driving long-term decarbonization.

Question 5

Which international framework established the first legally binding targets for developed nations to reduce GHG emissions?

Accepted Answer

Kyoto Protocol (1997)

Answer

The Kyoto Protocol (1997) was the first legally binding international treaty setting GHG reduction targets for Annex I countries.

(CAP) Certified Carbon Auditing Professional Practice Test

(CAP) Certified Carbon Auditing Professional Practice Test

CAP Regulatory Compliance & Reporting 2