Embracing Lifecycle Refrigerant Management globally can prevent fluorocarbon emissions equal to 90 billion metric tons of CO2 by 2100—nearly three full years of global energy-related carbon dioxide emissions today.
The report is co-authored by the Environmental Investigation Agency (EIA), the Institute for Governance & Sustainable Development (IGSD), and the Natural Resources Defense Council (NRDC).
A heat pump can efficiently cool a space, in addition to being able to efficiently heat that space during the winter season. This dual-function system enables people to have access to cooling while simultaneously making it possible to replace highly-polluting fossil fuel-based heating furnaces.
This new report from Clean Cooling Collaborative’s partners Energy Solutions, VEIC, and Arup looks at the mitigation potential of widespread heat pump adoption in the U.S.
Read our blog on the report here.
Rising global temperatures are driving increased demand for cooling, and unless we transform how we cool, we will continue to cause more global warming, exacerbating the climate crisis. Financing this transformation is a big challenge as there are relatively few examples of financing mechanisms that demonstrate how to support the transition to efficient, climate-friendly cooling, be that through driving technological advancement or scaling up the adoption of sustainable solutions.
We need to mobilize finance at speed and scale to achieve clean cooling for all. This requires demonstrations across a range of geographies, applications, and financing mechanisms, as well as disseminating lessons learned to raise awareness of the opportunity and mobilize capital from new investors. The Clean Cooling Collaborative, previously the Kigali Cooling Efficiency Program (KCEP), has piloted innovative approaches to unlocking finance through targeted grants to inform and orient the capital needed to integrate energy efficiency improvements with the transition away from fluorinated gases.
We have produced a detailed set of case studies (and accompanying executive summary) to summarize core findings, challenges, and lessons learned from the last four years of the Clean Cooling Collaborative’s finance program.
