In a shocking attempt to blackmail the international community, China has responded to efforts to ban the trading of widely discredited HFC-23 offsets by threatening to release huge amounts of the potent industrial chemical into the atmosphere unless other nations pay what amounts to a climate ransom
The phase-out of hydrochlorofluorocarbons (HCFCs) under the Montreal Protocol could be undermined by black market trade unless enforcement agencies are prepared, a new report jointly produced by EIA and United Nations Environment Programme
Twenty-one international delegates and 14 local experts met at the recently concluded Summit with the Private Sector on Trade in Ozone Depleting Substances (Ulaanbaatar 2.0) organised by the Environmental Investigation Agency (EIA) and the United Nations Environment Programme (UNEP) in Ulaanbaatar, Mongolia
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.
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