ShareHoneywell CFC destruction plan
Honeywell has begun destroying its inventories of CFCs and CFC blends: the company says it has already destroyed over 12 000 kg of R11.
Honeywell has begun destroying its inventories of CFCs and CFC blends: the company says it has already destroyed over 12 000 kg of R11 and plans to destroy its remaining inventory of ozone-depleting R11, R12 and R500 refrigerants this year.
The company expects to offset the cost of destroying the refrigerants by generating over 125 000 climate reserve tonnes (CRTs), i.e. credits that can be sold to third parties in need of them in order to comply with California’s cap-and-trade programme.
Under this programme, certain companies are granted allowances for each metric tonne of greenhouse gas they emit.
Unused allowances may be traded and eligible emissions reduction credits can be purchased by a company needing to stay under the cap.
The company expects to offset the cost of destroying the refrigerants by generating over 125 000 climate reserve tonnes (CRTs), i.e. credits that can be sold to third parties in need of them in order to comply with California’s cap-and-trade programme.
Under this programme, certain companies are granted allowances for each metric tonne of greenhouse gas they emit.
Unused allowances may be traded and eligible emissions reduction credits can be purchased by a company needing to stay under the cap.