India to get $82 million to phase out cfc's

July 1, 2000
/ Print / Reprints /
/ Text Size+
In order to phase out the production of ozone-depleting substances, such as chloro-fluorocarbons (CFCs), the government of India recently said it would get $82 million to aid its efforts.

“This is the total funding that would be available to India from the Multilateral Fund for cessation of production of ozone-depleting substances for the implementation of the Montreal Protocol,” India’s government said in a statement.

Currently, India is the chairman of the executive committee of the Montreal Protocol. Signatories of this committee must commit to phase out CFCs, often used in refrigerators, and other chemicals by certain dates.

According to the government’s statement, the project will be implemented through the World Bank and will provide compensation for the CFC-producing enterprises to meet annual production ceilings agreed to by India and the executive committee of the Montreal Protocol Multilateral Fund.

It also said CFC production in India in 1999 did not exceed 22,588 metric tons and will be phased out by 2010.

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


Kyle Gargaro, editor-in-chief of The NEWS, hosted the 2014 ACCA CEO Forum. At the event, six well-known, highly respected company executives, Gary Michel, Ingersoll Rand/Trane; Chris Nelson, Carrier Corp.; Chris Peel, Rheem Mfg. Co.; Rod Rushing, Johnson Controls; Brent Schroeder, Emerson Climate Technologies; and Doug Young, Lennox; provided individual industry outlooks and fielded questions directly from attending contractors. Listen to the entire event on the NEWSMakers podcast. Posted on April 14.

More Podcasts



NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con