Financing Climate-Friendly Cooling at City Scale

Publication | March 2023

This paper explores how greener refrigeration and air-conditioning could be provided at city scale.

Refrigeration and air-conditioning are major contributors to climate change, and demand for them is growing. Crucial obstacles to climate-friendly cooling solutions in developing countries in Asia are the lack of accessible and affordable financing and insufficient project scale. This paper discusses a variety of financing instruments and business models and presents an integrated model for financing city-scale green cooling. The model could help roll out green cooling solutions at a scale large enough to attract investors and to reduce transaction costs through standardized implementation.


  • Impact of Air-Conditioning and Refrigeration on Climate Change
  • Policies and Standards for Promoting Green Cooling
  • City-Scale Green Cooling Deployment
  • Financing Mechanisms
  • Contract and Business Models
  • Investment De-risking Strategies
  • An Innovative Model for Financing City-Scale Green Cooling Deployment

Additional Details

  • Climate change
  • Energy
  • 30
  • 8.5 x 11
  • WPS230089-2

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