Singh said the review would be done by the Technology and Economic Assessment Panel under the Montreal Protocol. "But it will be mutually agreed upon by India and other parties. Without India, no one can unilaterally decide that what is the growth rate which will trigger that mechanism," he said.
For smooth transition to developing new technologies indigenously, there is a huge financial burden on India -- both for the industry and the consumers.
Delegates from nearly 200 countries are attending the 28th meeting of the Parties to the 1989 Montreal Protocol on Substances that Deplete the Ozone Layer. Dave told IANS an equitable agreement reached that is in the best interests of the nation, its people and the industry. In India, it will cost 12 billion euros (Rs 90,000 crore) to shift from HFCs to the greener gases between 2015 and 2050, the New Delhi-based think-tank Council on Energy, Environment and Water said on September 27.
Experts say though HFCs do not harm the ozone layer, they have a high global warming potential. Their elimination will ultimately help avoiding an up to 0.5 degree Celsius rise in global temperature by the end of the century and will significantly contribute towards the global goal of staying well below two degrees. The Montreal Protocol was designed to protect the ozone layer by reducing the production and consumption of ozone-depleting substances. It was agreed to on September 16, 1987, and entered into force on January 1, 1989. Since then it has banned the use of several ozone-depleting substances, including chlorofluorocarbons, which were replaced by HFCs.