Rising global temperatures are driving increased demand for cooling, especially in developing economies where extreme heat is most severe.

Access to cooling is vital for health, productivity, and food preservation, but greater use of refrigeration and air conditioning risks higher energy consumption and greenhouse gas emissions. 

Sustainable cooling solutions, using energy-efficient technology and passive strategies, are crucial but often expensive. 

A report by IFC and UNEP projects the market for sustainable cooling to double, reaching $600 billion annually by 2050. Achieving this requires substantial financing, regulatory support, and collaboration between governments, businesses, and investors to make these solutions accessible and profitable.