Final Rule - Phasedown of Hydrofluorocarbons: Establishing the Allowance Allocation and Trading Program under the AIM Act
The AIM Act, which was included in the Consolidated Appropriations Act, 2021, directs EPA to phase down production and consumption of HFCs in the United States by 85 percent over the next 15 years. A global HFC phasedown is expected to avoid up to 0.5° Celsius of global warming by 2100.
This final rule is the first regulation under the AIM Act to address HFCs, which are potent greenhouse gases commonly used in refrigerators, air conditioners, and other applications. This final rule sets the HFC production and consumption baseline levels from which reductions will be made, establishes an initial methodology for allocating and trading HFC allowances for 2022 and 2023, and creates a robust, agile, and innovative compliance and enforcement system.
Information on the final rule and allowance allocations can be found below.
- Federal Register link to HFC Allocation Final Rule
- Federal Register link to HFC Allowance Allocations for 2022
- Phasedown of HFCs: Issuing Allowance Allocations
- HFC Allocation Final Rule Fact Sheet (pdf)
- HFC Allocation Final Rule FAQ
- Press Release on HFC Allocation Final Rule
Regulatory Impact Analysis for Phasing Down Production and Consumption of Hydrofluorocarbons (HFCs) (pdf)
- Market Characterizations (updated 9/23/2021)
- Overview of Application-Specific Program Fact Sheet (pdf)
- Overview of Set-aside Allowances under the AIM Act (pdf)
- Overview of Allowances and Exchange Values (pdf)
- Overview of Requirements for Importers of Hydrofluorocarbons (HFCs) (pdf)