By Elisa Jiménez Alonso
A recently released report by Sustainable Energy for All finds that 1.1 billion people around the world face immediate risks from insufficient access to cooling. According to the report, access to cooling is an important emerging opportunity in climate adaptation innovation.
Rachel Kyte, CEO and Special Representative to the United Nations Secretary-General for Sustainable Energy for All, said “In a world facing continuously rising temperatures, access to cooling is not a luxury – it’s essential for everyday life. It guarantees safe cold supply chains for fresh produce, safe storage of life-saving vaccines, and safe work and housing conditions.”
The study shows that access to cooling is very much tied to wealth. Of the 1.1 billion people at immediate risk, 470 million are in poor rural areas and 630 are in hotter, poor urban slums. These people are also concentrated in nine countries across Asia, Africa and Latin America: India, Bangladesh, Brazil, Pakistan, Nigeria, Indonesia, China, Mozambique and Sudan.
Cities, communities, and country leaders are asked to consider cooling action plans in order to close the access to cooling gap. Additionally, the Kyte points out that for companies that produce HFC-free, affordable air conditioning devices there is an enormous market opportunity out there.
In addition to the 1.1 billion rural and urban poor at immediate risk, the report identifies 2.3 billion people from the increasingly affluent lower-middle class, on the brink of being able to afford air conditioning, and 1.1 billion belonging to the established middle class, many of whom own air conditioning units but may able to upgrade them to more efficient ones.
This also ties into findings recently presented in a report completed by Acclimatise with UNEP FI and sixteen leading international banks. The report focuses on climate-related physical risks and opportunities to the banking sector. One of the examples named is an increased demand for loans for home improvements in order to cool houses where it was previously unnecessary.
While cooling is increasingly becoming a necessity, it is also a very energy-intensive measure. Increased cooling from HFCs and using fossil fuel powered energy can lead to more warming. In Mumbai alone, 40% of power use comes from air conditioning. Thus, phasing out HFCs, for instance through the Kigali Amendment, and the continued investment in renewable energy sources should remain priorities.
At the same time, urban development and real estate have the opportunity to radically rethink how buildings and cities can be designed in order to optimize cooling. In India, for example, 75% of the buildings required by 2030 have yet to be built, offering a massive opportunity to be innovative and provide cooler cities and housing.