HFC-23 CER Issuance post 2012 – Implications of the Proposed Methodology Changes

HFC-23 CER Issuance post 2012 – Implications of the Proposed Methodology Changes

Brief

• The Meth Panel recently met and made recommendations regarding methodology AM0001 for HFC-23 projects.
• If these recommendations are ratified it will lead to a 50% reduction in CERs originating from HFC-23 projects post 2012. This will reduce the total issuance of HFC-23 CERs to 634,857,800 for the renewed crediting periods. None of this output would be eligible for use in the EU ETS.
• This will have widespread implications for trading dynamics both within Europe and internationally.