SMUGGLERS UNDERCUT GREEN TARGETS FOR AIR CONDITIONERS AND REFRIGERATORS IN EUROPE

On 4 June, the Wall Street Journal reported thatozone-depleting chemicals, hydrofluorocarbons (HFC), are severely restricted by the EU, and US companies have invested heavily in cleaner formulas to win a greater share of Europe’s new market.  However, HFC are still legally used across much of the globe, in cooling systems from car air-conditioners to store freezers, which means large volumes of trade worldwide.  The price difference between sophisticated new EU-approved refrigerants and cheaper, abundant and generally interchangeable older formulas has sparked a black market and drawn smugglers, many from international crime syndicates. Illicit offerings can sell for around 25% less than regulated gas, distributors say.  The article refers to several large seziures – 9 tons of HFC on a truck from Turkey on the Romanian border, Spanish police and customs officials raiding a secret warehouse near the city of Granada and impounding 19 ton, and in August, authorities in the Italian port of Livorno captured an illegal 3.7-ton shipment from China.

https://www.wsj.com/articles/black-market-undercuts-green-targets-for-air-conditioners-refrigerators-in-europe-11622804684

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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