Climate change is an increasingly important global concern with far reaching effects. The heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry is allotting a significant amount of effort to reduce the environmental impacts of HVAC&R systems. Discussions about the climate impact is often limited to the GWP of the fluids used, but this is far too restrictive, as it does not take into account the real emissions of fluids, and ignores indirect emissions, especially those related to energy use over the life time of the equipment.