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Phasedown of Hydrofluorocarbons: Establishing the Allowance Allocation and Trading Program under the American Innovation and Manufacturing Act (Final)
Oct. 6, 2021
The EPA is issuing regulations to implement certain provisions of the American Innovation and Manufacturing Act, as enacted on 27 December 2020. This Act mandates the phasedown of HFC, which are highly potent GHG, by 85 percent over a period ending in 2036. The Act directs the EPA to implement the phasedown by issuing a fixed quantity of transferrable production and consumption allowances, which producers and importers of HFCs must hold in quantities equal to the amount of HFCs they produce or import. To establish the allowance allocation program, this rulemaking determines the HFC production and consumption baselines, from which allowed production and consumption will decrease consistent with the statutory phasedown schedule. Over the time period from 2022-2050, this rulemaking will avoid cumulative emissions of 4,560 million metric tons of exchange value equivalent of HFCs in the United States with a present value of cumulative net benefits of $272.7 billion. This rule is effective on 4 November 2021, except for amendatory instruction 3 adding 40 CFR part 84, which is effective on 5 October 2021. POC is Andy Chang, U.S. Environmental Protection Agency, Stratospheric Protection Division, tele: 202-564-6658; email: chang.andy@epa.gov.

(Federal Register 5 October 2021 [Final] Pages 55116-55222)

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Last Updated: January 22, 2018