Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

EEA European Environment Agency : EU fluorinated gases phase-down remains on track

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/08/2017 | 12:59am CEST

The EEA report 'Fluorinated greenhouse gases 2017,' tracks progress in the phase-down based on data reported by European companies on their activities involving F-gases in 2016. It assesses the progress made under the ongoing EU-wide hydrofluorocarbons (HFC) phase-down and provides an outlook towards the global HFC phase-down, which is due to begin in 2019 under the Kigali Amendment to the Montreal Protocol. The report also details the amount of F-gases supplied to industry. The report assesses both the physical amounts (in tonnes) and in amounts weighted by the global warming potential of hydrofluorocarbon gas, which is measured in CO-equivalent tonnes (COe).

Hydrofluorocarbons are synthetic chemicals mainly used in refrigerators, heat pumps and air conditioners in buildings and cars. They were in many cases introduced to replace other chemicals that were found to be harming the ozone layer. However, these F-gases have also been found to be harmful to the environment and to contribute to climate change. Curbing F-gas emissions is an important part of the EU's commitment to reduce greenhouse gas emissions by 40 % by 2030, compared to 1990 levels.

Phase-down of HFCs under the EU F-Gas Regulation

The phase-down of F-gases is implemented through a system of annual quotas allocated to producers and importers. In 2016, EU-wide placing on the market of HFCs was 4 % below the 2016 market limit. By comparison, in 2015, companies remained 8 % under the limit.

EU Contribution to the global phase-down of HFCs under the Kigali Amendment

In 2016, HFC consumption in the EU was the lowest since reporting started in 2007 and was already 14 % below the first limit for the EU under the Montreal Protocol's Kigali Amendment. The Montreal Protocol to reduce the production and consumption of ozone depleting substances, was amended to regulate HFCs, in October 2016.

Key Figures:

  • Production of F-gases reported in tonnes went up by 2 % in 2016 compared to 2015. While the production of F-gases in the EU has increased (in tonnage) since 2014, the gases produced are relatively less harmful for the climate. The supply of F-gases in the EU increased by 2% but the overall warming effect actually decreased by 2 % (COe).
  • Imports of F-gases to the EU in 2016 increased by 5 % compared with 2015 or by 2 % if measured in COe. This increase is primarily due to an 80 % rise in HFCs with low global warming potential.

EEA - European Environment Agency published this content on 07 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 December 2017 23:57:05 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
05:07aCongress eases post-crisis bank rules in victory for Trump
RE
05:07aSmall banks trump Wall Street on Dodd-Frank rewrite
RE
04:42aOil dips as market eyes possible easing of OPEC supply curbs
RE
04:40aOil dips as market eyes possible easing of OPEC supply curbs
RE
04:37aCHINA'S ZTE ESTIMATES AT LEAST $3.1 BILLION LOSS FROM U.S. SANCTIONS : Bloomberg
RE
04:33aREGIONAL MUNICIPALITY OF WOOD BUFFALO : Acting on KPMG Review, Council passes new Emergency Management Bylaw
PU
04:33aDEPARTMENT OF TRADE AND INDUSTRY OF REPUBLIC O : Sec. Lopez meets with Nestlé officials
PU
04:33aSHANGHAI MUNICIPAL GOVERNMENT : Dead steel plant to get new life as culture hub
PU
04:31aJapan to set interim fiscal target to balance budget in FY2025 - Nikkei
RE
03:44aGenesys Fund - Explores the Growing Government Interest in Cryptocurrencies
AC
Latest news "Economy & Forex"
Advertisement