Connect with us

Hi, what are you looking for?

Editor's Pick

US announces rule to slash powerful planet-warming gas by nearly 80%

The US Environmental Protection Agency (EPA) announced a rule on Monday to limit the amount of a powerful planet-warming greenhouse gas called hydrofluorocarbon (HFCs). The rule requires polluters to reduce HFCs by nearly 80 percent by 2035, in line with commitments the US made under the landmark 2016 Kigali Amendment.

The rule sets out a 3-phase approach: a freeze of HFC emissions in 2021, a 70 percent reduction by 2029, and an almost complete phase-out (79.5 percent reduction) by 2035. It applies to all large sources of HFCs, including commercial and industrial air conditioning systems, refrigerants, solvents, and aerosols.

According to EPA administrator Andrew Wheeler, the rule is “the single most important step the United States can take to reduce global HFC emissions.” EPA estimates that the rule represents an 86 million metric ton reduction in annual HFC emissions by 2035. This is equivalent to the annual emissions of about 13.9 million cars.

The rule is also the first phase of the agency’s effort to implement the Kigali Amendment, which was ratified by the US in October 2016. This agreement seeks to reduce HFCs in participating countries, including the US and other developed and developing nations. HFCs have a global warming potential thousands of times greater than carbon dioxide, and significantly contribute to climate change.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.


    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    As the United States continues to grapple with the ongoing immigration crisis, the House and Senate have found themselves at odds over how to...

    Latest News

    As the world continues to grapple with the COVID-19 pandemic, the global economy is facing unprecedented challenges. In the United States, President Joe Biden...

    Investing

    American Airlines stock could double from here, according to JPMorgan. The investment bank has upgraded the airline’s stock to “overweight” and set a price...

    Latest News

    Debt anxiety has been a major concern for many Americans, especially during the pandemic. However, recent developments on Capitol Hill have brought some relief...

    Disclaimer: Thedailylaunch.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2020-2024 The Daily Launch. All Rights Reserved.