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In fact, Michael Wara of Stanford University calculates that the credits from cleaning up refrigerant production are twice as valuable as the refrigerants themselves.
ECONOMIST: Climate change
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But in the meantime, there is evidence that factories are ramping up production of HFC-22 in order to boost emissions of HFC-23, so that they can make windfall profits from cutting back on HFC-23 later and selling the emission-reduction credits, says Michael Wara of Stanford University.
ECONOMIST: The treaties that pay you to pollute
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Stanford professor Michael Spence, Nobel laureate in economics, and Shaun Rein, founder and managing director of China Market Research Group (CMR), both told me that China might very well exceed Japan to become the second-largest consumer market in the world.
FORBES: China's Booming Consumer Market