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Summary: How the Chemical Industry Joined the Fight Against Climate Change by Hiroko Tabuchi and Danny Hakim
The authors note that chemical companies are pushing for regulations on chemicals that have been shown to be hazardous to the environment. The authors reference an accord penned in Kigali Rwanda by chemical companies to move away from some chemicals. However, the authors claim that the motives of the companies are driven less by idealism than by competition in the industry. They pointed out that the open support for more stringent regulations in the industry in favor of the environment by Honeywell Company has been because they had created a new product dubbed 1234yf which is more environmentally friendly. They also point out that the move by Daikin Company of publicizing the patents HFC 32 is a move to stifle competition in the industry rather than an honest move to encourage other companies to move from the more environmentally pollutive HFCs.
The authors noted that a move by chemical companies to embrace realism and scientific data on the impact of some of the chemicals they were producing on the environment was an about-turn from the earlier stance and approach to the same information by chemical companies in the past. The authors detailed how banning CFCs and HFCs were dictated by market forces. The authors claim the new move to support new non-pollutive and less pollutive products is intentioned to drive sales. The companies supporting the move to HFC alternatives have developed new products and supporting the ban is a move to set the companies to reap the benefits of developing the new products.
The authors conclude by pointing out that the companies are preempting environmental policy changes and developing products that meet the environmental concerns.
BBC: What is climate change?
BBC’s article titled &ldq...