In 2008 the government committed itself to requiring companies to report GHG emissions annually by April 2012, or account to Parliament for not doing so. Defra has just accounted to Parliament, explaining that ministers will make a decision “as soon as possible”.
Is the government afraid that GHG reporting, like other environmental measures, will cost jobs? This is a favourite cry of Republicans in the US. However, in an article entitled “Toxic and wrong”, Josh Bivens argues that this is not the case. In a recession he believes that regulations will create jobs and that investment will be made using resources which would not be available in times of growth. “From the perspective of job creation, the best time to enact regulations that may require costly investment is when the economy is depressed.” See New Scientist 24th March p28