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Illustration: Rebecca Zisser / Axios

A coalition of manufacturers and chemical makers argue in a new report that the impact on consumers would be limited if the Trump administration and Congress approve a global deal on climate change first agreed to by the Obama administration.

The big picture: Named after the Rwandan city where it was signed in October 2016, the Kigali amendment to the Montreal Protocol, an environmental treaty, phases down the use of potent greenhouse gases known as hydrofluorocarbons (HFCs). HFCs are emitted from refrigerants in appliances like air conditioners.

The details: Businesses affected by the policy support it largely because they stand to benefit financially with new products coming online to comply with it. Despite that support, the amendment is facing a skeptical audience in the Trump administration due to concerns about consumer costs when maintaining and purchasing new air conditioners.

  • In response, two industry groups are set to release a report, obtained by Axios, that shows consumers save a little bit — about $6.50 a year — with adoption of the policy. With the policy, consumers would pay on average $1,191.29 a year for their air conditioner, compared to $1,197.74 without it.
  • That’s driven by modeling assumptions that shows the average equipment sold under the new policy would be 1.3% more energy efficient on average compared to the status quo.
  • The report warns of "market chaos" that could lead to high prices and obsolete equipment if rules are implemented without coordinating the phasing down of refrigerants, as laid out in the Kigali policy.

Yes, but: The report assumes consumers transition from their current AC to a new AC with the climate-friendly refrigerants only when they really need to. And beware, some technicians can seize on these changing government rules to encourage people to buy new equipment before it’s necessary.

What's next: For the policy to go into effect in the U.S., the State Department needs to send it over for review and eventual vote in the Senate. That hasn’t occurred, and there’s no sign it will anytime soon, according to people familiar with the process. One industry official said it may not happen at all under Trump, leaving it for the next president. A State Department spokesperson had no comment.

Go deeper:

Go deeper

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Investors pour millions into immersive, interactive art experiences

Photo Illustration: Megan Robinson/Axios. Photo: Martin Bureau/AFP via Getty Images

How much would you pay for "a sleek, if pleasantly confusing, package of moods" or "a confusing tangle of disjointed installations" or even "the total erosion of meaning itself"? The answer, according to the current market-clearing price, seems to be about $35.

Why it matters: Investors are pouring hundreds of millions of dollars into ticketed experiences — immersive, interactive museum-like spaces that don't have the d0-not-touch stuffiness of traditional museums.

Special Envoy for Haiti resigns over Biden deportations

Daniel Foote testifies during a Senate Foreign Relations Committee hearing on May 26, 2016. Photo: Drew Angerer/Getty Images

The Special Envoy for Haiti on Wednesday resigned from his position, writing in his resignation letter obtained by PBS that he "will not be associated with the United States inhumane, counterproductive decision to deport thousands of Haitian refugees."

Why it matters: Ambassador Daniel Foote's resignation comes amid heightened anger over the treatment of Haitian migrants and asylum-seekers living in a temporary encampment in Del Rio, Texas — especially after images surfaced of Border Patrol agents whipping at the migrants from horseback.

First-time homebuyers shrink as prices spike

Data: National Association of Realtors; Chart: Axios Visuals

Home sales cooled as prices continued to heat up in August.

Driving the news: The share of first-time existing homebuyers (29%) last month was the smallest in two years, according to new data from the National Association of Realtors.

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