Regulatory Frameworks & Compliance Flashcards
7 cards from real CCA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Regulatory Frameworks & Compliance flashcards as text
Under California's Mandatory Reporting Regulation (MRR), what is the general materiality threshold for a positive verification statement on covered emissions?
Answer: Misstatement under 5%
Under CARB's MRR, covered emissions data with total misstatement under 5% can receive a positive verification statement.
Under CARB's MRR, how many consecutive years can the same verification body verify the same reporting entity before it must sit out?
Answer: 6 years
CARB caps a verification body at six consecutive years with the same reporter, followed by a mandatory three-year break.
A CARB verifier finds misstatements under the materiality threshold but also finds minor nonconformances that don't affect the emissions total. Which verification statement is most likely?
Answer: Qualified positive
CARB allows a qualified positive statement when the data is materially correct but there are nonconformances that don't result in a material misstatement.
Which Washington State law set up the state's cap-and-invest program?
Answer: Climate Commitment Act
Washington's Climate Commitment Act (2021) created the cap-and-invest program, which began in 2023.
Under the EPA GHGRP, which subpart covers petroleum and natural gas systems?
Answer: Subpart W
Subpart W covers petroleum and natural gas systems, including methane emissions from production, processing, and transmission.
What does the EU Carbon Border Adjustment Mechanism (CBAM) do?
Answer: It puts a carbon price on certain imported goods based on their embedded emissions
CBAM puts a carbon cost on embedded emissions in imports such as steel, cement, aluminum, and fertilizers, so imports face a price comparable to EU ETS.
Under Article 6.2 of the Paris Agreement, what accounting step stops two countries from both counting the same transferred mitigation outcome?
Answer: Corresponding adjustment
A corresponding adjustment means the transferring country adds back the ITMO it sold, so the reduction isn't counted twice.