The IFC and UNEP-led Cool Coalition joint report, Cooler Finance: Mobilizing Investment for the Developing World’s Sustainable Cooling Needs, identifies numerous private investment opportunities across different segments of the cooling market, including space cooling, refrigeration, cold chains, and transport. Critically, it also highlights the need to increase the adoption of passive cooling strategies. The report provides a blueprint for financing sustainable cooling with an emphasis on mobilizing private investment. Sustainable cooling technologies are accessible, affordable, and scalable and minimize environmental impact, aiming for near-zero emissions cooling by 2050 through increasing the use of passive strategies for cooling, raising energy efficiency standards and rules for cooling equipment, and accelerating the phasing down of highly polluting refrigerants.
Kimberly-Clark has announced the deployment of green hydrogen boilers across its manufacturing sites to cut 28,500 tonnes of emissions each year. While focused on heavy industry rather than buildings, the initiative illustrates how existing infrastructure can be decarbonised without delay. Lessons from such industrial shifts inform sustainable construction, where reducing the carbon footprint of construction requires similar innovation and an emphasis on net zero whole life carbon strategies.
Traceability solutions from Australia’s Source Certain offer a glimpse into the future of supply chain transparency. Their work on tracking critical minerals such as lithium and cobalt can underpin more responsible sourcing of low carbon construction materials. For the construction sector, which relies on batteries, electrification and renewable technologies, supply chain accountability is becoming integral to decarbonising the built environment and maintaining confidence in claims of net zero carbon buildings.
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