The European Commission has today published a formal notice in the Official Journal for companies wishing to market hydrofluorocarbons (HFCs) in the EU in 2015. Companies need to register and submit their applications for 2015 HFC quotas by 1 July 2014.
Companies will be allocated quotas that limit future sales of HFCs, which are powerful greenhouse gases. This is the first step in preparing a phase-down of HFCs in the EU - the main measure introduced by the new F-gas Regulation which applies from 1 January 2015. Under the new legislation, emissions of HFCs will be reduced to one-third of today’s levels by 2030.
The formal notice describes the process for registering with the new HFC Registry. This is required both for companies that have legally reported production or imports in the period 2009-2012 ('reporting companies') as well as for 'new entrants' to the market that have not done so.
Reporting companies will be given reference values based on their historic data. New entrants will have to declare their need for quota to the European Commission, which will allocate quotas on a pro rata basis until no more quotas are available.
For reporting companies and new entrants alike, 1 July 2014 is the deadline for registration and 2015 quota applications, using the appropriate forms.