and shall be determined from the Inventory of U.S. Greenhouse Gas Emissions and Sinks: 1990–2016 published by the Environmental Protection Agency in April of 2018. (2) Emissions reduction target The first emission reduction target shall be for the year 2022. The emission target for each year thereafter shall be the previous year’s target emissions minus a percentage of emissions during the reference year determined in accordance with the following table: Year Emissions Reduction Target 2016 Reference year 2020 to 2024 No emissions reduction target 2025 to 2034 5 percent of 2016 emissions per year 2035 to 2050 2.5 percent of 2016 emissions per year (b) Administrative determination Not later than 60 days after the beginning of each calendar year beginning after the enactment of this section, the Secretary, in consultation with the Administrator, shall determine whether actual emissions of greenhouse gases from covered fuels exceeded the emissions reduction target for the preceding calendar year. The Secretary shall make such determination using the same greenhouse gas accounting method as was used to determine the greenhouse gas emissions in the Inventory of U.S. Greenhouse Gas Emissions and Sinks: 1990–2016 published by the Environmental Protection Agency in April of 2018. 9904. Fee on fluorinated greenhouse gases (a) Fluorinated gas fee A fee is hereby imposed upon any fluorinated greenhouse gas which is required to be reported under part 98 of title 40, Code of Federal Regulations. (b) Amount The fee to be paid by the covered entity required to so report shall be an amount equal to— (1) the total amount, in metric tons of CO 2 -e, of emitted fluorinated greenhouse gases (or, in the case of a supplier, emissions that would result determined under the rules of such part), multiplied by (2) an amount equal to 10 percent of the carbon fee rate in effect under section 9902(d)(1) for the calendar year of such emission. 9905. Decommissioning of carbon fee (a) In general At such time that— (1) the Secretary determines