in the securities and exchange commission issued interpretive guidance on climate change disclosure but so far it seems to have had limited effects of standard poor s companies do report on climate but according to some their disclosures have been disappointing ceres this reporting requirement has not been changed in spite of the july repeal of the climate tax in march the ndrc announced a new regulation requiring all firms emitting more than tonnes c eq to begin reporting their annual ghg emissions it is expected to be enforced from reuters