In the October 5, 2021 edition of the Federal Register, the US Environmental Protection Agency (EPA) adopted regulations mandating the phasedown of hydrofluorocarbons (HFCs) by 85 percent before the year 2036.
- Determines the HFC production and consumption baselines, from which allowed production and consumption will decrease consistent with the statutory phasedown schedule
- Provides an initial approach to allocating calendar-year allowances and allowing for the transfer of those allowances
- Establishes provisions for the international transfer of allowances
- Establishes recordkeeping and reporting requirements