Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Ozone depleting HCFCs to be phased out: Ramesh
Press Trust of India / New Delhi Oct 06, 2009, 14:12 IST

India today unveiled a detailed roadmap for phase out of ozone depleting and green house gas Hydro chlorofluorocarbons (HCFCs) and sought adequate funds and technology from the global community for it.  

"We have taken early initiatives for responding to the challenges of phase out of HCFCs, an ozone depleting substance causing global warming. We are going to mitigate the use of HCFCs by 10 per cent by 2015 and to zero by 2030," Union Minister Jairam Ramesh said after release of the HCFC phase-out action plan at a function here.  

"But we are still clueless what technology we will use and from where will we get funds to meet the challenges," he added.  

HCFCs are used in the air conditioner and refrigeration industry.  

The minister called for resolving IPR issues and making available fund and technology aid at the earliest to the developing countries like India and China who have unveiled the roadmap for phasing out HCFC in various sectors, a move which, he said, indicates the country's seriousness to save the environment.  

"We have pro-actively phased out ozone depleting substances (ODS) like CFCs as on 1 August 2008, 17 months prior to the agreed schedule due to our commitments backed by Montreal protocol which has the explicit financial arrangements for transfer technologies," he pointed out.  

The minister's observation assumes significance ahead of the Copenhagen conference on climate change in December where developing nations are looking for a Montreal Protocol-like agreement which ensures transfer of technology with voluntary contributions from industralised countries.

"What we want at Copenhagen is a series of Montreal Protocol type of agreements based on common but differentiated responsibilities where developed nations give a commitment to provide funds," Ramesh said.  

In this context, he added, over 97 per cent of controlled Ozone Depleting Substances (ODS) have been phased out by the Montreal Protocol.  

The CFCs required for manufacturing inhalers used by Asthma and Chronic Obstructive Pulmonary Disease (COPD) patients are still available in India and a national transition strategy to phase them out by 2013 is under implementation.  

The phase out schedule for HCFC was accelerated through a decision of the Meeting of the Parties to the Montreal Protocol in September 2007.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets surge in opening trades
- Thomas Cook at 52-wk high on Q4 nos
- Punjab & Sind Bank soars 10% on preferential issue to LIC
- Twitter begins self-serve advertising for small biz
- China launches $8 bn fund to aid overseas M&A
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Marico: Stepping into unchartered territory
- Army to step up vigil in Uttarakhand
- Asian stocks fall as Greek bailout delay dampens mood
- Sonalde Desai: Sons of the soil
- MCX IPO to make staff millionaires
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us