Faced with a funding shortfall for eliminating ozone-depleting substances (ODS), the Montreal Protocol is preparing to spend hundreds of millions of dollars to phase in hydrofluorocarbons (HFCs) – even though these substances could sabotage international efforts to halt global warming
Supermarkets in the UK are making significant strides to counter their impact on global warming – but the nation’s second biggest chain, Asda, has been sternly criticised for apparently turning its back on green commitments after declining to participate in the Chilling Facts III survey
The EIA has welcomed a European Member State vote to end the corrupt global trade in fake HFC-23 carbon credits. A European Commission proposal to ban the use of HFC-23 and N2O credits in Phase III of the EU’s Emissions Trading Scheme (ETS) – which runs from 2013-20 – was approved by the Climate Change Committee
We will address key European politicians and policy-makers in a bid to help end corrupt global trade in bogus HFC-23 carbon credits. We have been at the forefront of efforts to expose and halt dodgy credits, awarded to companies in return for the destruction of greenhouse gases manufactured solely for that purpose
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
Efforts to reform Europe’s Emissions Trading Scheme (ETS) by restricting the use of phoney carbon credits from HFC-23 destruction and other industrial gas offsets are being opposed by Italy.