Enable Creation of Multilateral Fund to Assist Developing Countries Stop ODS Consumption

The creation and maintenance of the Multilateral Fund for the Implementation of the Montreal Protocol has been key to enabling developing countries phase out production of Ozone-Depleting Substances (ODS's). The fund has so far provided (as of 2015) over US $3.0 billion in funding for industrial conversions, technical assistance, training, and capacity building. Nonetheless, the need for funds is ongoing to continue the process of phasing out ODS's, and support amendments to The Protocol. To access The Fund developing countries must demonstrate an annual consumption of chlorofluorocarbons (CFCs) and halons of less than 0.3 kilograms per capita. As of 2015, 147 of the 197 Parties to the Montreal Protocol meet these criteria. Show More » « Show Less