Global Cooling Innovation Summit and the launch of the Global Cooling Prize (12-13 November 2018)

Location : New Delhi

Date : 12/11/2018

The Global Cooling Prize — established by a global coalition led by Rocky Mountain Institute (RMI), Conservation X Labs, Alliance for an Energy Efficient Economy (AEEE), and CEPT University and supported by Mission Innovation and the Ministry of Science and Technology, Government of India, is rallying innovators across the globe to drive a technology revolution to provide cooling to all, without warming the planet. 

About the Global Cooling Innovation Summit and the Global Cooling Prize

Rising incomes, urbanization, and a warming planet are going to drive explosive growth in demand for comfort cooling; from 900 million room air conditioners (RACs) today, to over 2.5 billion by 2050. If we fail to innovate today, this growth in cooling demand will significantly exacerbate our climate crisis while also placing a massive burden on electricity grids in developing countries. Under a business-as-usual scenario, RACs alone will be responsible for up to 1.5°C increase in global temperatures by 2100, leaving millions of people exposed to potentially dangerous heat conditions without an affordable or sustainable solution to the crisis.

The Global Cooling Innovation Summit is a first-of-its-kind solutions-focused summit that will bring together leaders from around the world to explore concrete means and pathways to address this critical threat. This invite-only event will bring together innovators, policymakers, industry leaders, development agencies, nonprofits, philanthropists, venture capitalists, start-ups, and air-conditioning experts to work on how we can provide cooling to all, without warming the planet.

The summit will also see the launch of the Global Cooling Prize—an innovation challenge that aims to spur development of a residential cooling solution that has at least five times (5x) less climate impact than today’s standard products. The winning technology could prevent up to 100 gigatons (GT) of CO2-equivalent (C02e) emissions by 2050, and put the world on a pathway to mitigate 1°C of global warming by 2100, all while enhancing living standards for people in developing countries around the globe.

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