This afternoon, the Air Conditioning, Heating and Refrigeration Institute and the Alliance for Responsible Atmospheric Policy released an important new study examining the positive economic impact of ratification of the Kigali Amendment to the Montreal Protocol.
The Kigali Amendment is an international agreement entered into by 170 countries in October 2016. It sets a path toward phaseout and replacement of hydrofluorocarbons (HFCs), greenhouse gases that are used in a wide range of manufactured products. For the vast majority of HFC uses, replacement products with a lower environmental footprint either exist or are close to market. (There are a few areas, such as structural components, where limited use exemptions may be necessary, but these can be granted by the Environmental Protection Agency during Kigali implementation.)
Today’s report concludes that ratification of the Kigali Amendment would have a substantially positive economic impact on a wide range of sectors. Heating, ventilation, air conditioning and refrigeration sectors would create 17 percent more jobs (33,000 jobs) by 2027 if the Kigali Amendment were ratified versus a scenario where it does not go into effect. When indirect and induced jobs are factored in, the total potential jobs increase goes up to 150,000.
Manufacturers support the Kigali Amendment and would like to see it ratified by the Senate. It is a smart, effective agreement that improves air quality and combats climate change in a way that protects manufacturing competitiveness and creates jobs.
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