Kigali vital for US jobs and economy
US ratification of the Kigali Amendment has been described as good for American jobs and the economy, and crucial to maintain America’s global leadership.
Commenting on the publication of the HVACR industry study on the economic Impact of Kigali ratification, AHRI president and CEO Stephen Yurek said that ratification “will help American companies capture a large portion of the projected $1 trillion global market for the next generation of innovative, energy efficient products and equipment.”
Economic Impacts of US Ratification of the Kigali Amendment was published last week by the Alliance for Responsible Atmospheric Policy and The Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
The report maintains that the Kigali Amendment gives American companies an advantage in technology, manufacturing, and investment which will lead to job creation. The economic analysis indicates that US implementation of the Kigali Amendment is good for American jobs. It will both strengthen America’s exports and weaken the market for imported products, while enabling US technology to continue its world leadership role.
John Hurst, chairman of The Alliance, and vice president of Lennox International, added, “Over thirty countries have ratified the amendment. America cannot afford to be on the sideline. America must continue to lead.”
The AHRI says that both Republicans and Democrats recognise the benefits of global refrigerant policies outlined in Kigali Amendment, and have for more than 30 years. It maintains that five US presidents from both parties have supported the policies outlined in the Montreal Protocol which has helped keep the US a global leader in HVACR technologies.