Refrigerants are regulated substances, and starting January 1, 2024, the second phase of their phase-down begins. In the HVAC/R industry, 2023 has been busy; Congress, under the AIM (American Innovation and Manufacturing) Act, has both defined the allowance allocation methodology and set a tight timeline for...
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An Overview of Recent Developments: The Environmental Protection Agency (EPA) has recently rolled out a comprehensive trilogy of regulatory amendments. Given the breadth of these changes, we've chosen to break down the updates into more digestible segments. Part 1: The 15 LB rule, Trakref's initial analysis, published...
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The October 6, 2023, rules changes represent the most comprehensive change to refrigerant management since the 1994 Clean Air Act First published refrigerant regulations. The anticipated updates to the AIM Act, all launched on October 6, 2023. The Environmental Protection Agency issued 4 major updates: These...
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New York State has a new Senate bill, S6030, which brings up several issues with climate accounting and Global Warming Potential. As noted here, the bill "purports to align New York’s emission accounting methodology with a federal methodology by shifting the measurement of GHG’s (greenhouse...
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Climate change is one of the biggest challenges of our time -- and it requires a collective effort from all of us to reduce our carbon footprint. While there are many sources of greenhouse gas emissions, from transportation to agriculture to energy production, one often-overlooked...
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The U.S. Environmental Protection Agency (EPA) held a refrigerant technical transition meeting in December 2022 to discuss the latest updates to their regulatory responsibility resulting from the 2020 AIM Act. During the call, the EPA referenced industry trends related to refrigerants and their environmental impact; this...
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An interesting new wrinkle emerges in investment banking sustainability Banks are the driving force behind improving transparency through robust ESG reporting. As ESG investing is becoming increasingly important to investors, banks want to get a handle on the risks associated with ESG reporting, and the benefits...
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If you’re in an ESG (environmental social and governance) leadership role for business models, either as a consultant or in-house expert, GHG emissions are likely to be a large focus within your business strategy....
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The American Innovation and Manufacturing (AIM) Act passed in 2020 and greatly impacted the refrigerant industry. In an effort to fight global warming and curb greenhouse gas emissions, the act looks to phase out certain HFCs commonly used in air conditioning, fire suppression, and industrial...
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At the recent COP26 climate summit in Glasgow, Scotland, the news about our current global warming trajectory and greenhouse gas emissions was fairly dire. We’ve already warmed the planet +1.2°C over pre-industrial averages (as of the summit in 2021)....
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