Multilateral Fund commits US$385 million for HCFC reduction

Article Type: News From: International Journal of Climate Change Strategies and Management, Volume 5, Issue 3

The Multilateral Fund for the implementation of the Montreal protocol (MLF) has committed up to US$385 million to China for the elimination of all industrial production of hydrochlorofluorocarbons (HCFCs) by 2030. China is the largest producer of HCFCs, and eliminating the country’s HCFC production will prevent emissions equivalent to 8 billion tonnes of carbon dioxide (CO₂).