Ok it works like this
(1) The Western world pays a levy for releasing carbon and this levy is used to pay other people, like the Chinese to clean up their act
(2) Now the Chinese make HCFC-22 with a "potent GHG" by product HFC-23 for which they will get paid from the levy if they destroy it rather than releasing it into the atmosphere.
(3) And because they get paid for destroying something they have manufactured - they make more of it. The more they make and destroy the more money they make. In fact the money being paid to China for the destruction of HFC-23 is double the value of the refrigerant they are making. It's worthwhile making the refrigerant even if there is no market for it!.
(4) Of course when the West belatedly wakes up to this fact they say we wont pay for HFC-23 destruction anymore - well the Chinese know what to do.
Aint you glad that you are part of this money go round.
And Australian readers aint you thrilled your Prime Minister has just bought you on board so you can pay your share.
(1) The Western world pays a levy for releasing carbon and this levy is used to pay other people, like the Chinese to clean up their act
(2) Now the Chinese make HCFC-22 with a "potent GHG" by product HFC-23 for which they will get paid from the levy if they destroy it rather than releasing it into the atmosphere.
(3) And because they get paid for destroying something they have manufactured - they make more of it. The more they make and destroy the more money they make. In fact the money being paid to China for the destruction of HFC-23 is double the value of the refrigerant they are making. It's worthwhile making the refrigerant even if there is no market for it!.
(4) Of course when the West belatedly wakes up to this fact they say we wont pay for HFC-23 destruction anymore - well the Chinese know what to do.
Aint you glad that you are part of this money go round.
And Australian readers aint you thrilled your Prime Minister has just bought you on board so you can pay your share.
Good spotting there Andrei. Looks like WMD (Weapons of Mass Destruction) have taken a back seat to WMD (Weapons of Mass Development)
ReplyDeleteChina just declared war. Quick, buy shares in the Warehouse, you know we can't resist.