More than 1 billion people lack access to sustainable cooling solutions with the potential to impact health, food security, productivity and growth. Globally, demand for cooling is increasing, mainly driven by growing populations, urbanization and rising income levels in developing countries.
Further exacerbating the issue, rising temperatures will increase demand for cooling appliances, which not only use large amounts of energy, but also leak refrigerants that contribute to global warming. The lack of cold storage and refrigerated transport contributes to 1.5 million vaccine-preventable deaths and the waste of about a third of the total food produced annually.
By 2050, energy use for cooling is projected to triple.
By 2050, work hours lost due to excessive heat could result in 6 percent of lost GDP annually in the worst affected regions of South Asia and West Africa. Also by 2050, estimates show that demand for cooling in countries in the tropics and subtropics such as India, China, Brazil, and Indonesia will grow fivefold, which will put pressure on already strained energy systems and hamper efforts to curb climate change.