HFC-23 offsets in the context of the EU emissions trading scheme

This briefing illustrates how HFC-23 projects under the CDM are working directly against the objectives of the UNFCCC and the Montreal Protocol, which is working to phase out HCFCs. HFC-23 emissions are clearly best addressed through direct measures outside the CDM. Setting the demand for the majority of CDM credits on a global scale, the EU has an important role to play in ensuring that HFC-23 credits will be excluded from the EU ETS.