Executive Briefings

Chemical Industry Joins Fight Against Climate Change in Landmark Deal

Negotiators from more than 170 countries have reached a legally binding accord to counter climate change by cutting the worldwide use of a powerful planet-warming chemical used in air-conditioners and refrigerators.

Chemical Industry Joins Fight Against Climate Change in Landmark Deal

The talks in Kigali, the capital of Rwanda, did not draw the same spotlight as the climate change accord forged in Paris last year. But the outcome could have an equal or even greater impact on efforts to slow the heating of the planet.

President Obama called the deal "an ambitious and far-reaching solution to this looming crisis."

Secretary of State John Kerry, speaking to fellow negotiators in Kigali, said, “It is likely the single most important step we could take at this moment to limit the warming of our planet and limit the warming for generations to come.”

While the Paris agreement included pledges by nearly every country to cut emissions of heat-trapping carbon dioxide from the fossil fuels that power vehicles, electric plants and factories, the new Kigali deal has a single target: chemical coolants called hydrofluorocarbons, or HFCs, used in air-conditioners and refrigerators.

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The talks in Kigali, the capital of Rwanda, did not draw the same spotlight as the climate change accord forged in Paris last year. But the outcome could have an equal or even greater impact on efforts to slow the heating of the planet.

President Obama called the deal "an ambitious and far-reaching solution to this looming crisis."

Secretary of State John Kerry, speaking to fellow negotiators in Kigali, said, “It is likely the single most important step we could take at this moment to limit the warming of our planet and limit the warming for generations to come.”

While the Paris agreement included pledges by nearly every country to cut emissions of heat-trapping carbon dioxide from the fossil fuels that power vehicles, electric plants and factories, the new Kigali deal has a single target: chemical coolants called hydrofluorocarbons, or HFCs, used in air-conditioners and refrigerators.

Read Full Article

Chemical Industry Joins Fight Against Climate Change in Landmark Deal