Home Markets The US has approved the Kigali Amendment to limit climate-changing chemicals

The US has approved the Kigali Amendment to limit climate-changing chemicals

by SuperiorInvest

US Senate Majority Leader Chuck Schumer (D-NY) speaks to the media after passing the ‘Inflation Reduction Act of 2022’ by a 51-50 vote on Capitol Hill in Washington, DC, US on August 7, 2022.

Ken Cedeno | Reuters

The Senate voted to ratify a global climate treaty that will phase out the use and production of hydrofluorocarbons, or HFCs, climate-warming chemicals widely used in air conditioning and refrigeration.

The Senate voted 69-27 on Wednesday to move forward the 2016 Kigali Amendment, an amendment to the 1987 Montreal Protocol climate treaty that dramatically limits the use of HFCs, which are thousands of times more effective than carbon dioxide at warming the Earth. 48 Democrats and 21 Republicans voted in favor; four members of the Senate did not vote.

The Environmental Protection Agency has said that regulatory action on such chemicals could help prevent global warming of up to 0.5 degrees Celsius by the end of the century. HFC emissions rose between 2018 and 2019, according to the EPA, as demand for air conditioning and refrigeration increased amid record high temperatures in the US.

“This is a win-win in our fight against climate change and will go a long way in fighting rising global temperatures while creating tens of thousands of good-paying American jobs,” said Senate Majority Leader Chuck Schumer, DN.Y. Wednesday.

Shortly after taking office, President Joe Biden issued an executive order requiring Congress to ratify the Kigali Amendment, among a number of other federal measures to reduce domestic greenhouse gas emissions.

The US joined 136 other countries and the European Union in ratifying the amendment.

“Ratifying the Kigali Amendment will allow us to lead the clean technology markets of the future by innovating and manufacturing these technologies here in America,” Biden said. he said in a statement. “Ratification will boost manufacturing job growth, strengthen US competitiveness and strengthen global efforts to combat the climate crisis.”

Environmental groups, politicians and industry groups do largely supported the global phase-out of HFCs as a critical way to combat climate change and develop more sustainable technologies.

“HVACR companies and other stakeholders, from business to environmental groups, urged the Senate to ratify the strongly bipartisan Kigali Amendment,” said Stephen Yurek, CEO of the HVAC Institute.

“[Kigali] counts the jobs it creates; it counts on the global competitive advantage it creates; it’s counting on the additional exports that come out of that, and it’s counting on the U.S. technological lead,” Yurek said.

In 2020, Congress passed the American Innovation and Manufacturing Act as part of an appropriations bill, allowing the EPA to begin regulating the chemical industry and forcing the industry to reduce production and imports of HFCs by 85% over 15 years.

Source Link

Related Posts

%d bloggers like this: