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Climate Action
News article21 November 2014Directorate-General for Climate Action

Commission allocates quotas to companies selling highly warming greenhouse gases

The European Commission has allocated quotas to existing companies and new entrants allowing them to sell hydrofluorocarbons (HFCs) in the EU in 2015. This is the first step of a gradual reduction of these quotas to end up at only 21% of today's...

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The European Commission has allocated quotas to existing companies and new entrants allowing them to sell hydrofluorocarbons (HFCs) in the EU in 2015. This is the first step of a gradual reduction of these quotas to end up at only 21% of today's sales by 2030, as mandated by a new EU Regulation on fluorinated gases (F-gases). Emissions of these gases to the atmosphere will in this way be reduced by two-thirds. HFCs are the most common F-gases which warm the atmosphere thousands of times more than CO2. Companies can see their quotas in the HFC Registry, available under the F-gas Portal.

The Commission has also adopted new rules for reporting of companies trading with F-gases. All affected companies, which include importers of equipment charged with F-gases, will have to report by 31 March 2015 on relevant activities for the year 2014. For this purpose, companies can already register themselves in the F-gas Portal at this time. Actual reporting of F-gas data will not commence before mid-February.

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Publication date
21 November 2014
Author
Directorate-General for Climate Action