Decision in paragraph 131 in UNEP/OzL.Pro/ExCom/15/45

131.     The Executive Committee noted that a number of projects for replacement of ozone-depleting solvents had very poor cost effectiveness. It also noted that technological developments were likely to become available within the next few years that would significantly reduce the costs involved. Noting the need to make the best use of the resources available to the Fund and to provide maximum protection to the ozone layer, the Executive Committee considered that, for those reasons, in this sub-sector it would be appropriate to establish a cost effectiveness threshold above which ODS solvent substitution projects would not be approved. The Executive Committee set the cost effectiveness limit at US $100,000 per ODP tonne, where cost effectiveness was calculated as the project cost divided by the amount of one-year reductions in ODS to be phased-out in ODP tonnes. Above that threshold, ODS substitution projects would not be approved.