The Washington, D.C.-based Environmental Investigation Agency (EIA) is seeking industry participation in a survey to monitor wholesale refrigerant prices in the U.S. as the next stage of HFC phase down starts under the American Innovation and Manufacturing (AIM) Act on January 1, 2024.
The AIM Act directs the U.S. Environmental Protection Agency (EPA) to phase down production and consumption of HFCs by 85% by 2036 through an allowance and trading program. Beginning January 1, 2024, the cap on consumption and production allowance (as a percentage of baseline) will decrease from 90% to 60% for the period of 2024–2028.
To understand the impact of the HFC phase down on the U.S. market, EIA is seeking to survey the industry on wholesale market prices of common HFC refrigerants, including R134a, R404A, R410A, R407C and R32, and optionally data on other refrigerants like R22. EIA will aggregate survey results for general trends and analysis.
“Comprehending the market impacts of the phase down is critical to inform all stakeholders, including end users, on the benefits of a rapid transition away from HFCs,” said Avipsa Mahapatra, Climate Campaign Director, EIA US. “Wide participation in this survey will help us create a robust price index for providing industry insights and informing future policy making.”
Only aggregate data will be shared publicly. All individual company responses and price data including survey respondent identities and names of participating companies will be kept strictly confidential. Wholesale distributors of refrigerants in the U.S. are invited to participate in this monthly voluntary survey, which takes just a few minutes to complete each month.
EIA is seeking initial data for the months of November and December 2023 by January 15th, 2024. The NGO will follow up with survey respondents on a monthly basis to assess ongoing price changes. The survey is available on EIA’s website at this link.
Stakeholders can email EIA’s Pamir Karusagi at firstname.lastname@example.org to obtain a Word document version of the survey or to ask any questions.
“Wide participation in this survey will help us create a robust price index for providing industry insights and informing future policy making.”
Avipsa Mahapatra, Climate Campaign Director, EIA US.