USING TECHNOLOGY, INNOVATION AND ENTREPRENEURSHIP TO TURN THE TIDE ON CLIMATE CHANGE

Aruba, February 12, 2019¬†– Last month’s UN conference on climate change in Poland put into operation national commitments made during the landmark Paris agreement. But these frameworks, focused on reducing carbon emissions through electricity production, missed a prime opportunity for nations serious about climate change to replace existing technologies with more efficient, lower-carbon solutions.

Cooling technologies present opportunities for investment and public-private partnerships that can disrupt industries in need of change and provide long-term national economic security and growth. As the developing world connects to the grid and warming raises average temperatures in the tropics, the demand for cooling will grow exponentially to ensure human health and economic productivity.

A recent report from The Rocky Mountain Institute estimates a fivefold increase in the number of room air conditioners (RACs) on the market in developing nations by 2050 — from 1.2 to 4.5 billion units globally.

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