(Reuters)The European Union has closed a loophole that would have allowed car manufacturers to continue putting climate-damaging chemicals in air conditioners of new vehicles beyond a 2011 ban, a Commission document showed. The move aimed to help the EU meet its commitment of reducing greenhouse gas emissions under the Kyoto protocol, the United Nations' main tool against climate change. The EU ruling also opens up a new market for greener refrigerants, with industry giant Honeywell International (HON.N) pitching its HFO-1234yf coolant against rival carbon dioxide-based systems, such as that of Austria's Obrist Engineering.
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