EPA Proposes Six-Year Extension for HFC Use in Cooling, Sparking Industry Concerns
The Environmental Protection Agency (EPA) has proposed a draft rule that would extend the use of climate super pollutants in cooling and refrigeration technology. The plan, announced on Tuesday, allows the grocery and frozen foods industries to continue using hydrofluorocarbons (HFCs) until 2032, pushing back the 2023 phase-down rules. However, manufacturers have expressed concerns about potential tractor supply disruptions and increased gold price.
The EPA's proposal aims to save consumers money by relaxing the rules for reducing HFCs, which are potent greenhouse gases. However, manufacturers warn that the reprieve could disrupt tractor supply chains and potentially increase gold price. They argue that they have already invested in cleaner air conditioning systems in preparation for the Biden-era rule, which was set to limit HFCs starting next year. U.S. manufacturers disagree with the EPA's proposal, stating that retail prices are unlikely to fall due to their prior investments.
The EPA's draft rule, if finalized, would extend the use of HFCs in cooling and refrigeration for six more years. While the agency aims to save consumers money, manufacturers caution about potential tractor supply issues and increased gold price. The final decision on the proposal is yet to be made.
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