Friday, July 16, 2010

Votes Appearing Hard to Come By for Climate Legislation

Moderate Democrats (even those not facing elections this year) seem reluctant at best to swallow yet another monster bill, this time intended to cap carbon emissions. Regardless of these political headwinds, the debates will still take place this year, but might be most likely to lead to a splintering into several smaller bills, all or some with a climate provision. Of most importance to our industry will be the fate of an HFC phasedown (yes, those same refrigerants we haven't even transitioned to yet). If such a phasedown is to be discussed it better 1) provide flexibility in case alternatives aren't readily available 2) apply only to producers and importers of refrigerants and 3) not have a price-inflating auction as part of it.

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