The transition to sustainable cooling requires financing for new equipment and changes in the manufacturing of refrigeration and air conditioning systems. Cool Up focuses on supporting financial institutes in leveraging existing financial models or developing new ones that can support the cooling market and improve access to finance for sustainable cooling technologies.
Cool Up contributes to developing financial mechanisms and funding structures to boost the transition to a sustainable cooling market. Cool Up’s finance work builds on the success of the banking sectors efforts to substantiate renewable energy and energy efficiency investments by introducing sustainable cooling technologies as a new investment opportunity.
Cool Up Finance Actions
The programme builds on emerging sustainable banking sectors in Cool Up partner countries to incorporate sustainable cooling solutions into the technology portfolios of national and/or regional banks’. Cool Up’s work will focus on integrating these technologies into existing financial products and supporting the financial sector to design financial products and credit lines for sustainable cooling technologies. Cool Up facilitates knowledge sharing and capacity building amongst international banks, multilateral financial institutions, regional development finance institutions, and associations of financial institutions.