Europe urged to clamp down on growing greenhouse gases black market


Illegal hydrofluorocarbons smuggled into the EU amount to nearly 30% of the legal trade, according to the Environmental Investigation Agency

The London-based Environmental Investigation Agency (EIA) has urged the European Public Prosecutor’s Office to launch an investigation into the illegal multi-million euro trade in climate-damaging hydrofluorocarbons (HFCs) in Europe.

HFCs are industrial refrigerant gases used in, among other things, air-conditioning and supermarket cooling units.

As part of a gradual phase down in using HFCs, the EU has introduced a quota system through its F-Gas Regulation to limit the volume of these greenhouse gases on the market.

The measure cut the supply by 37% in 2018 which in turn caused prices to soar while fuelled a black market across Europe.

The EIA said Romania has become a major gateway for HFC smuggling.

Read More

Energy Live News, 3-08-22