A groundbreaking report by the UN Environment Programme’s Cool Coalition reveals that implementing key measures to enhance the energy efficiency of cooling equipment could result in a remarkable 60% reduction in sectoral emissions by 2050. The report, “Keeping it Chill: How to meet cooling demands while cutting emissions,” introduces sustainable cooling strategies crucial for climate goals.
TRIPLE FOCUS
The report underscores three pivotal areas for sustainable cooling: passive cooling, higher energy efficiency standards, and a faster phase-down of climate-warming refrigerants. The adoption of these measures alone could lead to a substantial emission cut. Moreover, combining them with rapid power grid decarbonisation could achieve an impressive 96% reduction in sectoral emissions.
GLOBAL PLEDGE
Released in support of the Global Cooling Pledge, initiated by the United Arab Emirates at COP28, the report has already garnered commitments from over 60 countries. These nations pledge to prioritize sustainable practices in the this sector, aligning with the urgent need to address climate impacts and enhance access to eco-friendly solutions.
CHALLENGES OF UNSUSTAINABLE GROWTH
The report addresses the growing demand for cooling driven by climate change, population growth, and urbanization. Unsustainable growth in equipment consumption is projected to double electricity consumption by 2050, contributing to over 10% of global emissions. The report emphasizes the urgency to steer good practices toward sustainable paths to prevent environmental and economic challenges.
FINANCIAL IMPLICATIONS AND LIFE-CYCLE COST SAVINGS
Implementing the recommended measures would not only significantly reduce emissions but also generate substantial benefits. The report estimates a total life-cycle cost saving of $22 trillion by 2050. These savings, including $17 trillion in power cost reductions and $5 trillion in avoided power generation investments, can fuel the transition to sustainable cool effects, making it financially viable.
ROLE OF GLOBAL PLAYERS: G20 NATIONS AND THE PATH AHEAD
G20 countries, representing 73% of the 2050 emission reduction potential, are key players in steering the cooling sector toward sustainability. The report highlights the collective responsibility of nations, emphasizing that quick and decisive actions are essential to achieving low-carbon cooling growth and addressing the climate crisis.
