Carbon credits HFC-23

What is HFC-23?

HFC-23 is a sub-product resulting from the HCFC-22 refrigerant manufacturing process that has a powerful greenhouse effect. Until recently, it has been emitted into the atmosphere by the factories in the South (the only ones still authorised to produce it, as specified by the Montreal Protocol on the ozone layer).

What is the problem with the CDM HFC-23 projects?

The projects on the voluntary destruction of the HFC-23 are recognised by the CDM. Due to their low cost and emissions reduction capacity, these projects are highly profitable for the industry. The profit is so high that the projects represent an important incentive for the industry to continue to produce this refrigerant despite the decreasing demand. This incentive is therefore contradictory to the revision of the Montreal Protocol that aims at reducing the use of this product.

What is Noé21’s contribution to solve the HFC-23 problem?

Noé21 has submitted a demand for the revision of the methodology to the UNFCCC in April 2010 requesting that the CDM HFC-23 profit be reduced in order to prevent the perverse incentive to produce more of the HFC-23. The methodology was finally accepted by the EB (Executive Board) starting from the 1.4.2013. The European Commission also banned these HFC23 CERs