Sunday, January 02, 2011

Carbon trading tempts firms to make greenhouse gas


A handful of Chinese and Indian chemicals companies seemingly have the world over a barrel – or rather a large number of barrels of a super-greenhouse gas called HFC-23, which is 14,800 times more potent than carbon dioxide.

This week, apparently following Chinese threats to vent stockpiles of HFC-23 into the atmosphere, a UN panel issued two million valuable carbon credits to a company called Juhua. It has a factory in Hangzhou, Zhejiang province, where the gas can be destroyed.

See full Article.