Through technology innovation, we can solve the critical climate threat that comes from growing demand for room air conditioning.
The Global Cooling Prize is rallying a global coalition of leaders to solve the critical climate threat that comes from growing demand for residential air conditioning. By harnessing the power of innovation, we can provide cooling solutions that enhance people’s lives without contributing to runaway climate change.
How? This groundbreaking competition is designed to incentivize development of a residential cooling solution that will have at least five times less climate impact than today’s standard RAC units. This technology could prevent up to 100 gigatons (GT) of CO2-equivalent emissions by 2050, and put the world on a pathway to mitigate up to 0.5˚C of global warming by 2100, all while enhancing living standards for people in developing countries around the globe.
2030By 2030 over ½ of the world’s population will live in hot climates with increasing exposure to potentially dangerous heat conditions
5XResidential cooling demand will boom 3x globally, and increase by 5x in developing nations by 2050
4.5BApprox. 4.5 billion RAC units will be in use globally (compared to only 1.2 billion today)
14%Only 14% of maximum theoretical efficiency has been reached by today’s most advanced AC technology (most ACs attain less than 8%)
5X Spurs residential cooling innovation that has 5x less climate impact, uses 4-5x less energy, and fulfills 7 other requirements
GLOBALIs led by a coalition of global partners that will engage industry and markets to identify and scale a solution
US$3MAwards at least US $3M in prize money
INNOVATIONInitiates an era of transformation and global innovation in the cooling industry
CRITICALAffordable access to cooling in parts of the world where it is becoming a critical need
0.5°CPotential to mitigate up to 0.5˚C of global warming by 2100
5,900 TWhUp to 5,900 TWh/year in avoided demand in 2050, equal to 2X the annual generation of electricity within the EU
5XA cooling technology in billions of homes that has 5x less climate impact