What's Flying Out The Ozone Hole? Billions Of Dollars

Get ready for a big hit on your wallet: On Dec. 31, 1995, production of chlorofluorocarbons (CFCs) such as freon, the primary cooling agent in air conditioners, refrigerators, and freezers, will be banned, necessitating replacement or retrofitting that could cost hundreds of billions of dollars.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.