Honeywell to support California’s greenhouse gas cap-and-trade program

HONEYWELL

Honeywell to support California\'s greenhouse gas cap-and-trade program

By Greentech Lead America: Honeywell announced that it
has started destroying inventories of certain ozone-depleting refrigerants and
selling the resulting emission reduction credits for use in California’s
greenhouse gas cap-and-trade program.

The refrigerants were destroyed following protocols
developed by the Climate Action Reserve, a national offsets program that sets
standards for greenhouse gas emissions reduction projects.

Honeywell partnered with MGM Innova Consulting, which
provides companies with low carbon solutions and services, to ensure the
materials were destroyed in compliance with the Climate Action Reserve’s U.S.
ODS Project Protocol.

“MGM Innova is proud to support Honeywell for this
project as it demonstrates leadership in this emerging area,” said Marco
G. Monroy, CEO of MGM Innova.

The company has already destroyed more than 27,000 pounds of
CFC-11, a chlorofluorocarbon refrigerant with one of the highest
ozone-depleting potentials.  It plans to destroy its remaining inventory
of ozone-depleting CFC-11, CFC-12 and R-500 refrigerants this year.  By
destroying these CFCs Honeywell can eliminate over 125,000 metric tons of
carbon dioxide emissions.

Honeywell expects
to generate more than 125,000 Climate Reserve Tonnes (CRTs), which are credits
it can sell to third parties who need credits for California’s greenhouse
gas cap-and-trade program. The sale of credits will offset the cost of
destroying the refrigerants.

“Honeywell chose to destroy this inventory, rather than
sell the refrigerants for use by others, as part of its commitment to
environmental leadership. Honeywell has been at the forefront in developing
today’s non-ozone-depleting refrigerants and next-generation low-global-warming-potential
refrigerants,” said Jeffrey Ballew, strategic marketing director for
Honeywell Fluorine Products.

Under the California’s cap-and-trade program emissions from
the state’s largest industrial facilities will be capped in 2013 and then
gradually decreased over eight years as part of an effort to reduce greenhouse
gas emissions and encourage energy efficiency and renewable energy.

Honeywell recently signed  for a pilot program with Hawaiian
Electric Co. in Honolulu to demonstrate how demand response
technology can help integrate more intermittent renewable energy to the
electric grid.

editor@greentechlead.com