EPA Update: Phasedown of HFCs Under the AIM Act

The Environmental Protection Agency Administrator Michael S. Regan has signed the final rule Phasedown of Hydrofluorocarbons: Allowance Allocation Methodology for 2024 and Later Years. ?

The EPA previously published a final rule (Framework Rule) on October 5, 2021 (86 FR 55116), that established the Hydrofluorocarbon (HFC) Phasedown Program and the allowance allocation methodology for calendar years 2022 and 2023. ?

This rulemaking establishes the methodology for allocating HFC production and consumption allowances starting with calendar year 2024 allowances. EPA is continuing to apply a similar methodology to allocate general pool production and consumption allowances as the Agency did in the Framework Rule for calendar years 2022 and 2023, while incorporating former new market entrants from an earlier set-aside pool as general pool allowance holders. ?

This rule does not make any changes to the methodology for allocating application-specific allowances. The Agency is also amending the consumption baseline to reflect corrected data submitted to EPA and making other adjustments to implementation, compliance, and enforcement provisions.?

Read the ruling here. https://public-inspection.federalregister.gov/2023-14189.pdf