Classify the text into the following 29 labels: 'Impacts on suppliers and other parties in registrant's value chain', 'Physical climate risks', 'Climate risks Materiality', 'Progress on achieving climate-related targets', 'Impacts on business operations', 'Reporting to Board', 'Impacts on mitigation and adaptation activities', 'Adoption of Transition Plan', 'Impacts on products and services', 'Internal carbon price and Carbon pricing as a measure of climate risk', 'Plan on how to achieve the targets', 'Transition risks', "Board's oversight of climate-related targets and goals", 'Targets as a part of the business model', 'NO', 'Emissions. Scope 2', 'Identified impacts as part of business strategy', 'Emissions. Scope 1', 'Climate Risk Identification and Assessment', 'Climate risk management and integration', 'Impacts on expenditure for research and development', 'Use of carbon offsets', "Management's Oversight and Expertise", "Board's oversight", "Transition's Plan Cost", 'Adoption of scenario analysis', 'Management Oversight Process', 'GHG Methodology', 'Time Horizons of Risks', and return the answer as the corresponding climate disclosure label.
text: More than one third of the states have begun taking actions to control and or reduce emissions of GHGs primarily through the planned development of Ghg emission inventories and or regional Ghg cap and trade programs Although most of the state level initiatives have to date focused on large sources of Ghg emissions such as coal fired electric plants it is possible that smaller sources of emissions could become subject to Ghg emission limitations or allowance purchase requirements in the future In addition from time to time Congress has considered adopting legislation to reduce emissions of greenhouse gases Any one of these climate change regulatory and legislative initiatives could have a material adverse effect on Greylock Productiona' business capital expenditures financial condition and results of operations
label: Transition risks