The World Economic Forum’s first Net Zero Industry Tracker, developed in collaboration with Accenture, reveals the scale of the challenge and sheds light on how industries can get on track for net zero.
Cooling community announces steps to beat global warming with £12 million boost from UK
The UN-led Cool Coalition today announced a series of steps to reduce the climate impact of the cooling industry, including a £12 million boost from the UK Government, the host of COP26.
Just 1.5°C of global warming, a temperature limit the world currently looks set to far exceed could leave 2.3 billon people vulnerable to heatwaves. Cooling will be essential to protect human health and productivity under such circumstances – but 7% of global greenhouse gas emissions come from cooling already.
“The need for cooling in our daily lives – to protect people against heat extremes – will grow. But the way we cool our homes and workplaces is a major driver of climate change. Today, around 10% of the world’s electricity is used for air conditioning. If left unchecked, emissions related to cooling are expected to double by 2030, driven by heat waves, population growth, urbanization and the demands of a growing middle class,” said Inger Andersen, UNEP Executive Director.
A transition to efficient and climate friendly cooling, including natural solutions, could allow the expansion of cooling and avoid 4-8 years of global emissions. This includes work under the Kigali Amendment to the Montreal Protocol to replace climate-warming gases, known as hydrofluorocarbons, that are used as refrigerant gases.
Lord Goldsmith of Richmond Park, Minister for Pacific and the Environment at the Foreign, Commonwealth & Development Office (FCDO) and the Department for Environment, Food and Rural Affairs (Defra), said, “I am delighted that we have announced £12 million of Defra Official Development Assistance programming today to provide valuable assistance to developing countries, enabling them to make rapid progress on reducing hydrofluorocarbons and adopting energy efficient cooling solutions.
“This funding will support vital work to address inefficient cooling technologies and help develop a resilient and sustainable food supply chain in Africa, delivering the first African centre of excellence for rural cooling and cold chain.”
Partners have set out a comprehensive agenda to begin delivering on the climate potential of the cooling industry in the wake of COP26. Through its membership of over 120 countries, cities, companies and investors, and other organizations, the Cool Coalition has been an essential catalyst for the Race to Zero in accelerating global efforts and commitments on sustainable cooling.
Some highlights include:
- 14 cooling suppliers have joined the Race to Zero, representing 28% of the residential AC market. They are ready to supply solutions aligned with their customers’ net-zero commitments. See how Trane and Electrolux are doing this.
- Gree and Haier committed to bring to market by 2025 residential AC units that have five times less climate impact.
- 12 countries made the largest government commitment ever to double product efficiency globally by 2030, with a focus on AC, refrigerators, motors and lighting (accounting for 40 per cent of global electricity).
- EP100 has doubled its membership during the UK’s Presidency of the COP, so more cooling manufacturers and buyers are improving their energy productivity.
- 53 enhanced Nationally Determined Contributions (NDCs) have integrated sustainable cooling.
- 25 countries have committed to developing National Cooling Action Plans.
- 16 cities have committed to tackle extreme heat using the newly launched Beating the Heat: A Sustainable Cooling Handbook for Cities
- Energy Efficiency Services Limited committed USD 50million for the development of sustainable cold chain projects in India
- The UK announced 12 million of Defra Official Development Assistance programming today to make rapid progress on reducing hydrofluorocarbons and adoption of energy efficient cooling solutions. Multilateral Development Banks committed at least USD185 million to stimulate investment in sustainable cooling.
In support of these commitments, an unprecedented surge of implementation will fill 2022 and beyond. These implementation efforts will go a long way in turning commitments into emissions reduction and increase resilience.
“Cooling is becoming increasingly critical to strengthen our resilience to a warming world. National, local and business commitments to reducing emissions urgently need to translate into implementation that can keep the world cool and achieve net zero in time,” said Nigel Topping, COP26 High Level Climate Champion.
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