WHAT YOU MUST KNOW The Economics Of CFC Control

Today we have a very important topic on board for any body who really wants to know about the control measures taken to reduce the release of chlorofluorocarbons ( CFC's ) in our environment, and this will also be of great importance to students of environmental management and toxicology, because this are real facts and it may as well come out in tour exams.

So, let's get starred.

 Economics of CFC controls:

The united nations development program Montreal protocol deals so much in generating a phase out shadow of CFC's in using substances.

However, the problem here in economic terms was the phase out of leaded gasoline.
The objective became reasonably clear.

The basic problem was how to bring it about in different countries in advanced economics, the main focus has been put on developing substitute chemicals that can do the same work of CFC's ( refrigerants ) but have little or no ozone depleting impact.

Among the developed countries a major factor driving the agreement was the cost of developing the substitute chemicals together with the cost of change over from old to new chemicals.

Some substances may be simple whereas other will require to getting ride out of capital equipment (refrigerators, air conditioners etc.) and installing new ones that are eco friendly.

The main provision of Montreal protocols are as follows:

  • Requirements for individual companies to phase out the consumption and production of this substance.
  • A provision for trade restriction, banning trades between non signatories and signatories in designated areas.
  • A multi bilateral funds into which industrialized countries would contribute funds to help developing countries to achieve the control measures of the agreement.
  •  It also barns trades in product containing these substances like air conditioner, and refrigerator etc.