So, basically, China is blackmailing the entire world with a massive release of toxic, ozone-destroying gas is the international community doesn’t pay. Nice.
Keep buying stuff made in China, peeps, it’s cheaper. Yeah, right.
In a shocking attempt to blackmail the international community, Xie Fei, revenue management director at the China Clean Development Mechanism Fund, threatened: “If there’s no trading of [HFC-23] credits, they’ll stop incinerating the gases” and vent them directly into the atmosphere. Speaking at the Carbon Forum Asia in Singapore last week, Xie Fei claimed he spoke for “almost all the big Chinese producers of HFCs who “can’t bear the cost” and maintain that “they’ll lose competitiveness”.