Practice Test Geeks(CAP) Certified Carbon Auditing Professional Practice Test
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Regulatory Compliance & Reporting Flashcards

7 cards from real CAP 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 Compliance & Reporting flashcards as text

  1. Which provision in the Inflation Reduction Act (IRA) directly incentivizes industrial facilities to reduce GHG emissions through tax credits?

    Answer: Section 45Q Carbon Oxide Sequestration Credit

    Section 45Q provides tax credits per metric ton of qualified carbon oxide captured and sequestered or utilized.

  2. TCFD stands for Task Force on Climate-related Financial Disclosures. Which of its four disclosure pillars addresses how a company identifies and assesses climate-related risks?

    Answer: Risk Management

    The Risk Management pillar describes processes companies use to identify, assess, and manage climate-related risks.

  3. A facility subject to 40 CFR Part 98 must submit its annual GHG report by what deadline?

    Answer: March 31 of the following year

    EPA's Mandatory Reporting Rule requires covered facilities to submit annual reports by March 31 for the prior calendar year.

  4. Under CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation), which category of airlines must monitor and report emissions?

    Answer: International airlines operating routes between participating states

    CORSIA applies to international airlines operating routes between states that have opted into the scheme, requiring emissions monitoring and offsetting.

  5. In the context of carbon markets, what does 'additionality' mean for an offset project?

    Answer: Emission reductions would not have occurred without the carbon finance incentive

    Additionality requires that the emission reductions are beyond what would have happened in a business-as-usual scenario without carbon credit revenue.

  6. Which ISO standard provides requirements for third-party verification of greenhouse gas assertions?

    Answer: ISO 14064-3

    ISO 14064-3 specifies principles and requirements for verifying GHG assertions, guiding third-party auditors.

  7. The Western Climate Initiative (WCI) links carbon markets between California and which other jurisdiction?

    Answer: Quebec only

    California and Quebec operate linked cap-and-trade programs under the Western Climate Initiative framework.