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COP28: The Climate and Ozone Protection Alliance- Management of Banks of Ozone Depleting Substances and Hydrofluorocarbon Banks

12/2023 , Publication :

The global demand for refrigeration and air conditioning is increasing, leading to an increase in environmentally-friendly appliances and products containing high warming potential substances. These substances, known as Ozon Depleting Substances (ODS) and Hydrofluorocarbons (HFCs), emit around 1.5 Gt CO2 annually. The Climate and Ozone Protection Alliance (COPA) aims to address this issue by working together on solutions for ODS and HFC banks, contributing to the Paris Agreement's goal of limiting global warming.

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The focus of this side event was to highlight the potential of managing ODS and HFC banks.The event was introduced by Rachel Wilke from the Federal Ministry for Economic Affairs and Climate Action (BMWK). Ellen Michel from GIZ Proklima then gave an overview on the newly launched Climate and Ozone Protection Alliance (COPA). Pilot Projects and a new funding window were established by Sonja Wagner from UNEP Ozone Action. Furthermore, Ms. Guo Xiaolin from the Foreign Economic Cooperation Office (FECO) of the Ministry of Environmental Protection of China gave some insight on experiences gathered in China. In continuation EnviroServe provided the audiences with some insights from the private sector from the United Arab Emirates.

Recap of side-event

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