The Climate Action Reserve (CAR) has formally released a Destruction of Ozone Depleting Substances (ODS) Project Protocol and an Imported Ozone Depleting Substances Project Protocol. These protocols will provide a standardized approach for quantifying and monitoring the GHG reductions from projects that destroy domestic or imported ODS with high global warming potentials that otherwise would have been vented to the atmosphere. RemTec has been participating in this project by serving on the Workgroup that provided input to the CAR. The protocols are available at this link:
RemTec offers destruction services for ODS destruction using the patented Argon Plasma Arc technology and will be following all procedures to qualify ODS destruction for CAR protocols. Depending on market conditions, these offset credits could cover all the costs of destruction and provide additional incentives to convert to CFC alternatives. Upon successful destruction and verification, CAR issues “Carbon Reserve Tonnes” or CRTs recognizing the emissions of CO2 avoided. The CRTs are traded daily in the “carbon market”.
The House of Representatives passed its version of Climate legislation earlier this year while the Senate is still debating the legislation. If passed, companies would be required to measure and monitor their carbon emissions to reduce them from 2005 levels. Optionally, companies could purchase offset credits (CRTs) to meet reduction targets thereby raising the market value of these CRTs based on supply and demand. Both legislations will allow carbon offset credits to include those earned from the destruction of certain ozone depleting substances such as CFCs. CFCs not only destroy the ozone layer, but they have a very high global warming potential.
Although the Montreal Protocol phases out production, import, and export of ODS, emissions of ODS are not controlled explicitly. In addition, no obligations to destroy ODS exist under either the Montreal Protocol or the Kyoto Protocol, and while many countries, including the U.S., have no-venting regulations, they are not always well enforced. Moreover, current destruction of unwanted ODS is minimal or nonexistent, with the majority of unwanted ODS currently being stored in original equipment (which leads to slow leakage or accidental release), rather than being destroyed. Thus, any ODS that is destroyed is considered a greenhouse gas emission reduction, since, in the absence of destruction, nearly 100 percent of the ODS will eventually be released to the atmosphere.RemTec offers destruction services for ODS that can result in offset credits.
For more information contact RemTec today or visit our website www.remtec.net