The US Environmental Protection Agency (EPA) has recently issued a final ruling on a landmark program to phasedown the production and consumption of potent climate change contributing hydrofluorocarbons (HFCs). HFCs are used primarily in air conditioning equipment but can also be found in foams and many other functions.
As part of the American Innovation and Manufacturing (AIM) Act, the new EPA rule will phasedown HFCs by eighty five percent over the next fifteen years. EPA estimates that “this rulemaking will avoid cumulative emissions of 4,560 million metric tons of exchange value equivalent of HFCs,” and that it will have “a present value of cumulative net benefits of $272.7 billion” from 2022 through 2050.
In this podcast, Dan Pellegrini, Environmental Scientist at CAPACCIO explains:
- What hydrofluorocarbons (HFCs) are and why are they used?
- What could the AIM Act mean for your business?
- What are the expected benefits and costs of this reduction?
- What your company should do to track and implement these changes?