China has responded to efforts to ban credits from industrial gas projects in the European carbon market by threatening to release huge amounts of potent industrial chemicals unless developed nations pay what amounts to a climate ransom with continued payments far in excess of the actual cost of destroying HFC-23
While most of the world is focused on the UNFCCC climate negotiations leading up to the December meeting in Cancun, next week’s Montreal Protocol meeting will consider three distinct decisions. These three options are the main subject of Our report, Maximizing Climate Benefits from Ozone Protection
The Environmental Investigation Agency (EIA) commends Norway’s divestment of its pension fund’s shares in Malaysian logger Samling Global this week, but calls for a more comprehensive review of the fund’s wider investments of over $400 million in other controversial forestry and plantation companies
The Montreal Protocol's Executive Committee is meeting to discuss accelerating the phase-out of hydrofluorochlorocarbons (HCFCs), potent greenhouse gases used as refrigerants. This phase-out was previously agreed in 2007 and could result in nine billion tonnes of carbon dioxide-equivalent emissions being prevented
Under the UN Clean Development Mechanism (CDM), credits for the destruction of hydrofluorocarbon-23 (HFC-23) have created an unwarranted market for the production of HFC-23. We urge 10 major UK businesses currently financing these projects to stop dealing in these flawed and environmentally detrimental offset credits.