1.  The Department shall, not later than December 31, 2019, and each year thereafter, issue a report that includes a statewide inventory of greenhouse gas emissions in this State and a projection of annual greenhouse gas emissions in this State for the 20 years immediately following the date of the report.

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2.  The report must include, without limitation:

(a) For each year of the inventory and projection required by subsection 1:

(1) The sources and amounts of greenhouse gas emissions in this State from each of the following sectors:

(I) Electricity production; and

(II) Transportation.

(2) The sources and amounts of reductions in greenhouse gas emissions in this State from each of the sectors set forth in subparagraph (1).

(b) For the first and every fourth year thereafter of the inventory and projection required by subsection 1:

(1) The sources and amounts of greenhouse gas emissions in this State from each of the following sectors:

(I) Industry;

(II) Commercial and residential;

(III) Agriculture; and

(IV) Land use and forestry.

(2) The sources and amounts of reductions in greenhouse gas emissions in this State from each of the sectors set forth in subparagraph (1).

(c) A statement of policies, including, without limitation, regulations, identified by the entity or entities designated by the Governor pursuant to subsection 4 that could achieve reductions in projected greenhouse gas emissions by the sectors set forth in subparagraph (1) of paragraph (a) and subparagraph (1) of paragraph (b), if applicable, and:

(1) For each report due on or before December 31, 2024, a quantification of the reductions in greenhouse gas emissions in this State that would be required to achieve a statewide reduction of net greenhouse gas emissions of 28 percent by the year 2025, as compared to the level of greenhouse gas emissions in this State in 2005.

(2) For each report due on or before December 31, 2029, a quantification of the reductions in greenhouse gas emissions in this State that would be required to achieve a statewide reduction in net greenhouse gas emissions of 45 percent by the year 2030, as compared to the level of greenhouse gas emissions in this State in 2005.

(d) A qualitative assessment of whether the policies identified in the statement of policies required by paragraph (c) support long-term reductions of greenhouse gas emissions to zero or near-zero by the year 2050.

(e) The Department’s analysis of the information set forth in paragraphs (a) to (d), inclusive.

(f) Documentation for the information set forth in paragraphs (a) to (e), inclusive.

3.  In preparing the report required by this section, the Department shall consult with the Public Utilities Commission of Nevada, the Office of Energy, the Department of Transportation, the Department of Motor Vehicles and the entity or entities designated by the Governor pursuant to subsection 4.

4.  The Governor shall designate an entity or entities to consult with the Department and identify for the Department the policies required pursuant to paragraph (c) of subsection 2.

5.  The Public Utilities Commission of Nevada, the Office of Energy, the Department of Transportation, the Department of Motor Vehicles and every entity designated by the Governor pursuant to subsection 4 shall submit to the Department any information that is determined by the State Environmental Commission to be necessary for the Department to prepare the report required pursuant to subsection 1. Such information may include, without limitation, information relating to emissions resulting from substitutes for ozone-depleting substances and information related to the types, sales, uses and disposal of products and equipment that use substitutes for ozone-depleting substances.

6.  The State Environmental Commission may adopt any regulations necessary to carry out the provisions of this section.