Within eighteen months after the effective date of this section, and biennially thereafter, the department shall, in coordination with the department of economic development, prepare and submit to the governor and the legislature a report evaluating the programs proposed or adopted to implement the Act. The evaluation shall include:

1. an identification of the specific measures taken to implement the Act, and progress made toward meeting emission reductions required by the Act;

2. recommendations on any additional measures which must be taken if the state is not meeting emission reductions required by the Act;

3. an evaluation of the resources available to implement the programs required by the Act and whether those resources are sufficient;

4. an analysis of the costs of measures taken to implement the Act, including costs imposed directly and indirectly on mobile sources, stationary sources, consumers and businesses. The analysis shall also identify the benefits of compliance with the Act;

5. an analysis of the adequacy of measures taken to assist small business stationary sources in complying with the Act;

6. an identification and status of any non-compliance notifications received from the United States environmental protection agency;

7. a summary of any significant new regulations or guidance prepared by the United States environmental protection agency; and

8. an identification of any regulation or guidance expected from the United States environmental protection agency necessary for the state to implement provisions of the Act, and the effect of any past due rule or guidance on the state's compliance efforts.