The Council of the European Union adopted a regulation on fluorinated greenhouse gases (F-gases). The new regulation will allow to reduce F-gas emissions in the EU by two-thirds of today’s levels by 2030. The use of F-gases in some new equipment, such as refrigerators and air conditioners, will be banned where viable and more climate-friendly alternatives are readily available. The new regulation will not only contribute to the achievement of the EU climate and environmental objectives, but it will also create business opportunities for EU companies on the market for alternative technologies. The regulation is aimed at protecting the environment by reducing emissions of F-gases. It establishes rules regarding containment, use, recovery and destruction of those gases. In addition, the new law imposes conditions on the placing on the market of products and equipment containing or relying upon F-gases, whilst setting out quantitative limits for the placing on the market of hydrofluorocarbons (HFC). The regulation also introduces bans on the placing on the market of the following products: domestic refrigerators and freezers containing HFCs with a global warming potential (GWP) of 150 or more as from 1 January 2015; refrigerators and freezers for commercial use containing HFCs with a GWP of 2500 or more from 1 January 2020, and containing HFCs with a GWP of 150 or more from 1 January 2022; stationary refrigeration equipment that contains or relies upon for its functioning HFCs with a GWP of 2500 or more from 1 January 2020; centralised refrigeration systems for commercial use with a capacity of 40kW or more that contain or rely upon their functioning, fluorinated gases with a GWP of 150 or more, from 1 January 2022; movable room air-conditioning appliances that contain HFCs with GWP of 150 or more from 1 January 2020; single split air-conditioning systems containing less than 3 kg of F-gases that contain F-gases with a GWP of 750 or more from 1 January 2025; foams that contain HFCs with a GWP of 150 or more, extruded polystyrene from 1 January 2020 and other foams 1 January 2023; and technical aerosols that contain HFCs with a GWP of 150 or more from 1 January 2018. The regulation introduces a phase-down mechanism involving a gradually declining cap on the total placement of bulk HFCs (in tonnes of CO2 equivalent) on the market in the EU with a freeze in 2015, followed by a first reduction in 2016-2017 and reaching 21% of the levels sold in 2009-12 by 2030. The regulation will apply from 1 January 2015.