Financing Sustainable Cooling

Rising temperatures are impacting lives and economies worldwide. Heat-related deaths are nearing half a million annually, and productivity losses now exceed $2 trillion. Access to cooling solutions that help people and businesses adapt to changing weather is more critical than ever.

A study by IFC and the UN Environment Programme (UNEP) projects that the cooling market in developing economies will double – from $300 billion to over $600 billion by 2050. This growth presents significant investment opportunities across various sectors such as space cooling, refrigeration, cold chains, and transport. Sustainable cooling could generate over $8 trillion in avoided costs through reduced electricity bills and infrastructure savings by 2050. Banks and other private sector financial institutions can tap into these growing opportunities and support sustainable cooling solutions for those most in need.

So, how can financial institutions identify the commercial potential in sustainable cooling? What business models and financing mechanisms should financial institutions adopt to address the growing need for cooler finance? And how can IFC’s Sustainable Cooling Initiative and other programs help market players scale up financing in this new space? To learn about this, join us for our webinar on October 29!

Agenda