Hot Ideas for a Cooler Planet

By 2050, over 4.5 billion people will face deadly heat waves as global temperatures continue to rise. This surge in extreme heat is driving a rapidly growing demand for cooling solutions, which in turn leads to an increase in energy demand. In many developing economies, including India, extreme heat is already causing productivity loss, higher rates of illness and mortality, and food loss.

According to the 2024 IFC Cooler Finance Report, the global market for sustainable cooling presents a new opportunity for investors as the cooling market is projected to reach at least $600 billion by 2050. Sustainable and innovative cooling solutions will help communities adapt to rising temperatures and mitigate impacts of the increasing demand for energy, including the rise in GHG emissions.

For India, this is both a challenge and opportunity due to its fast-growing population, rising temperatures, and increasing lethal heat waves. This situation underscores the escalating demand in the cooling market and the urgent need to invest in innovative, low-carbon, and energy-efficient cooling technologies in emerging markets, and particularly in India.

Please join CoolPact Capital for a panel discussion on sustainable cooling challenges and opportunities in developing countries and how India’s Cooling Action Plan is being implemented. The panel will include experts and practitioners who will talk about efforts both in the public and private sector to ensure widespread access to thermal comfort for people and to cold chains in health and food systems to cope with rising temperatures.