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Cool up programme and Arab Bank
A new collaboration between the Cool Up programme and Arab Bank Egypt is underway to scale sustainable cooling finance in Egypt.
The importance of FI partnerships
Unlocking finance mechanisms for sustainable cooling solutions is a core objective of the Cool Up programme. Partnerships with forward-looking financial institutions are essential to accelerating the adoption of sustainable cooling technologies and expanding access to climate-friendly solutions.
We are pleased to announce our collaboration and look forward to strengthening it in the years ahead. Together with Frankfurt School of Finance & Management and DFA, this partnership will work to develop tailored financial products, build institutional capacity, and support the shift toward energy-efficient, climate-friendly cooling solutions.
A valuable collaboration
There is a close dialogue between the Cool Up Programme and Arab African International Bank (AAIB) and strong mutual interest in advancing green finance for sustainable cooling technologies. Cool Up´s value proposition-combining market intelligence, technical advisory, and capacity building-to support the development of bankable cooling solutions and tailored financial products across sectors receives great resonance from Arab Bank Egypt.
Our new collaboration partner confirmed its active engagement in green finance and is dedicated to further integrate sustainable cooling technologies into its existing portfolio, supported by access to international climate funds and ongoing green transformation efforts. By making sustainable cooling more accessible and affordable for businesses and consumers alike, this partnership will contribute to advancing Egypt’s climate and energy goals while creating new opportunities for green investment.
What comes next
The collaboration comprises various areas, including capacity building for clients, feasibility studies, and the development of a dedicated cooling finance portfolio with robust emissions reporting. This partnership will pursue further engagement, including participation in upcoming trainings and continued dialogue on certification, project pipeline development, and concrete financing opportunities.