Cooling Facility

Objectif officiel

In light of the pressing need and rapidly growing demand for sustainable and affordable cooling services in many developing countries and in response to the combined challenges of addressing climate change and meeting Sustainable Development Goals (SDGs), the Cooling Facility is proposed as an innovative, multi-sector and multi-country programmatic financing mechanism. It seeks to transform the cooling sector by increasing energy efficiency (and thus helping better manage and reduce associated electricity demand), reducing or avoiding GHG emissions, and accelerating access to cooling for economic growth and human capital development. To achieve this goal, the Facility will channel concessional climate finance from the GCF to co-finance IBRD and IDA cooling operations that: (i) support investments in efficient, affordable and sustainable cooling; (ii) catalyze technology and business model innovations across cooling value chains and sectors to reduce barriers for private sector investment; (iii) help build an enabling environment for sustained, long-term systemic changes The Facility is proposed at a time when global demand for cooling is increasing exponentially, mainly driven by growing populations, urbanization, rising income levels in developing countries, as well as a warming climate. It seeks to help countries address barriers and take the opportunity available now to get on a sustainable path for low carbon cooling, and in doing so also contribute to improved livelihoods, including of the most vulnerable people, communities and regions. As opportunities for triggering a sustainability shift in traditional cooling approaches are often found within different sectors (e.g. agriculture, fisheries, cold chains, buildings, etc) and may be missed, as countries face competing priorities - especially as they respond and navigate the health and economic challenges exacerbated and caused by the emergence of COVID-19 -, the time is right for a dedicated financial vehicle that can cater to different circumstances and facilitate access to funding for multiple developing countries with projects meeting the Facility’s eligibility criteria , while maximizing the synergies with broader sectoral strategies and cooling-related benefits. The Facility’s ability to aggregate different types and sizes of sustainable cooling interventions will lead to lower transaction costs for establishing a program management and results structure compared to a series of one-off projects – and enable reaching a broader range of countries and opportunities that may otherwise be missed. The aggregation made possible through a programmatic approach, such as the Cooling Facility will provide an umbrella for collaboration and learning by generating experience and lessons from a diverse set of partners and contexts to underpin further scaling-up of sustainable cooling more broadly and the needed transformation. The onset of the global pandemic due to COVID 19 and its impact across eco

Texte publié par le bailleur. Il décrit une intention au moment de l’approbation, pas un résultat obtenu.

Calendrier

Début déclaré

7 octobre 2021

Clôture prévue

29 juillet 2032

Durée prévue

130 mois

46 % de la durée prévue est écoulée. C’est une mesure du temps, pas de l’avancement des travaux : celui-ci figure dans les rapports d’avancement officiels.

Financement

Budget déclaré dans la devise du bailleur, sans conversion. Le montant couvre tous les pays participants ; il n’est pas réparti par pays.

Place de l’énergie

77 % du projet relève des secteurs de l’énergie, selon la ventilation déclarée par le bailleur. L’énergie en est l’objet principal.

• Économies d’énergie et efficacité du côté de la demande 77 %
• Code CAD 43060 23 %

Thèmes

• Efficacité énergétique : « energy efficiency » figure dans l’objectif officiel.

Documents officiels

Aucun document publié dans les données ouvertes pour ce projet.