This briefing outlines EIA’s concerns over carbon trading and the sale of carbon offset credits to fund activities related to the management and destruction of ozone depleting substances (ODS) and hydrofluorocarbons (HFCs).
From 8th to 12th July 2024, the Parties to the Montreal Protocol will be attending the 46th Open-Ended Working Group (OEWG-46) in Montreal. EIA has produced a new briefing for the meeting, exploring the significant opportunities for the Parties to the Montreal Protocol to demonstrate strong leadership in living up to its reputation as the “most successful environmental treaty.”
Fluorinated greenhouse gases (F-gases) are fluorine-containing synthetic compounds with high Global Warming Potentials (GWP). They are the fastest growing group of greenhouse gases (GHGs) and have been regulated in the European Union (EU) since 2006.
Despite this undeniable success, significant greenhouse gas emissions equivalent to almost half a billion tonnes of CO2 are occurring each year, linked to unregulated fluorochemical industrial processes. This briefing explores additional measures that can be taken under the Montreal Protocol to contribute to averting the climate crisis.
EIA is urging significant investment in the ozone treaty, which can secure substantial additional greenhouse gas emission reductions in the near future. A new briefing “Meeting the Moment: Securing the Montreal Protocol’s Legacy in this Decisive Decade for Climate Action” analyses and provides recommendations on a variety of issues on the agenda for MOP35.
This briefing provides a history and overview of the issue of the illegal trade of substances controlled under the Montreal Protocol including CFCs, HCFCs, and HFCs.