In conjunction with the cap-and-trade draft design document released yesterday, the WCI also released the “Draft Essential Requirements of Mandatory Reporting for the Western Climate Initiative” (”reporting draft”).

The reporting draft covers ten categories of “essential requirements related to mandatory reporting of GHGs: definitions, pollutants, applicability, timing, confidentiality, report content and submittal, compliance, emissions quantification and monitoring, and verification and quality assurance.” Within each category, the reporting draft summarizes the proposed reporting requirements that will eventually be incorporated into model rules for the cap-and-trade program. It also discusses important decisions that are yet to be made “about the approach, definition and structure of the essential requirement.”

WCI is soliciting comments on the reporting draft. In-person comments may be made at the WCI Stakeholders meeting in San Diego, CA on July 29, 2008, while written comments may be submitted through August 13th.

For further information about this topic, please contact Akin Gump.