Final Rule – Phasedown of Hydrofluorocarbons
FACT SHEET Final Rule – Phasedown of Hydrofluorocarbons: Establishing the Allowance Allocation and Trading Program under the American Innovation and Manufacturing (AIM) Act What is the AIM Act and this Final Rule?Congress enacted the American Innovation and Manufacturing (AIM) Act on December 27, 2020. The AIM Act provides new authority for the U.S. Environmental Protection Agency (EPA) to address hydrofluorocarbons (HFCs) in three ways: (1) phasing down production and consumption, (2) maximizing reclamation and minimizing releases from equipment, and (3) facilitating the transition to next-generation technologies through sector-based restrictions. This final rule focuses on the first area – the phasedown of HFC production and consumption. What is the HFC Phasedown?The AIM Act directs the EPA to phase down HFC production and consumption (see Table 1) by 85% below baseline levels…