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Corporate Social Responsibility
News
12.02.2002 ET
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$573 million in funding agreed for cutting developing country CFCs by 50%
(CSRwire) ROME — Negotiators from some 140 Governments have adopted a
$573 million funding package to halve the consumption and production in
developing countries of chlorofluorocarbons (CFCs) - the leading destroyer
of the stratospheric ozone layer - by the year 2005 (relative to a baseline
of average 1995 -1997 levels).
The funds will also finance projects for reducing other substances
targeted for phase-out under the Montreal Protocol on Substances that
Deplete the Ozone Layer. Developing countries have until 2005 to cut CFCs
and halons by 50%, the fumigant methyl bromide by 20%, and the solvents
carbon tetrachloride and methylchloroform by 50% and 30%, respectively.
"Eliminating CFCs and other ozone-depleting substances in developing
countries is the top priority today for the global campaign to return our
protective ozone layer to health," said Shafqat Kakakhel, Deputy Executive
Director of the United Nations Environment Programme (UNEP), which
administers the ozone treaties.
"This agreement demonstrates just how much the world's Governments can
achieve when they collaborate with one another in good faith to tackle a
common challenge. The partnership between developed and developing
countries must remain strong for many years to come, however, if the ozone
layer is indeed to make a full recovery", he said.
The 1987 Montreal Protocol requires developing countries to continue
reducing CFCs, halons and carbon tetrachloride by a total of 85% by the
year 2007 and to phase them out completely by 2010; they also have until
2015 to phase out methyl bromide. Developed countries phased out virtually
all of their CFCs by 1996.
The funding levels agreed today - the highest ever - will replenish the
Protocol's Multilateral Fund for the 2003-2005 period. The funding
includes $474 million in new contributions, $76 million in earlier
contributions that were not allocated during the 2000-2002 period, and $23
million from interest earnings and other sources.
Last week, the Fund's Executive Committee also met in Rome and approved
the expenditure of $82 million for new projects. These projects will
eliminate the consumption of some 9,000 tonnes of ozone-depleting
substances and the production of 2,000 tonnes. This will bring the total
amount to be eliminated through Fund-supported projects in 125 developing
countries to 226,000 tonnes.
The newly approved projects will complete the phase-out of CFC consumption
in industrial processes in Nigeria and the Philippines as well as in
Indonesia's refrigeration industry. They will also end all CFC production
in Argentina and most of China's production and consumption of carbon
tetrachloride.
The Fund has dispersed some $1.5 billion of the $1.6 billion approved in
previous replenishments on projects and activities in developing countries
since 1991.
The 14th Meeting of the Parties to the Montreal Protocol and the 6th
Conference of the Parties to the Vienna Convention (which meets every
three years and is the framework treaty under which the Protocol was
negotiated) was held from 25 - 29 November.
CFCs have been widely used since the 1930s in refrigerators, air
conditioners, foams and other applications; they remain in the atmosphere
for decades or even centuries. Halons are primarily used in fire
extinguishers. Together with other chemicals, they destroy ozone molecules
in the stratosphere that protect all living things from ultra-violet
radiation.
Exposure to UV-C and to too much UV-B can cause more melanoma and
non-melanoma skin cancers, more eye cataracts, weakened immune systems,
reduced plant yields, damage to ocean eco-systems and reduced fishing
yields, adverse effects on animals, and more damage to plastics.
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