THE ECONOMIST INTERVIEWS AREA PRESIDENT MARCO BUONI: “IN ORDER TO TEAR DOWN THE HFC ILLEGAL MARKET, WE MUST CUT THEIR EARNINGS”

The renowned British weekly publication covered the topic of illegal HFC trafficking, one of the current threats to the European Union’s fight against climate change.

The Economist referred to the expertise of Marco Buoni, AREA President (www.area-eur.be/), further Honorary Director of the Renewable Energy Institute in the UK (www.renewableinstitute.org/) and CEO of Centro Studi Galileo in Italy (www.centrogalileo.it).

President Buoni was interviewed to inform the international sector on the situation, as well as to shed light on the main problems encountered while applying European regulations. President Buoni invited everyone to “Consider the potential earnings”, specifying that “When prices first soared, a car boot could be filled in Ukraine with cylinders of an HFC blend called R404A that would sell, hours later, for ten times as much in Poland. Margins have since shrunk as legions have got in on the action. But contraband HFCs are still so valuable that cylinders are sometimes given space on boats trafficking migrants from North Africa to Europe”.

The full article can be found here: https://www.economist.com/europe/2022/02/25/an-eu-scheme-to-limit-the-use-of-dangerous-gases-runs-into-problems

Rispondi