Global S&T Development Trend Analysis Platform of Resources and Environment
Cooling in Common: How the Finance in Common Summit can drive the Sustainable Cooling Agenda forward | |
Sindra Sharma-Khushal Larissa Gross | |
2021-10-20 | |
出版年 | 2021 |
国家 | 欧洲 |
领域 | 气候变化 |
英文摘要 | Cooling is critical for the quality of life of billions of people. Sustainable cooling offers a clear opportunity for Multilateral Development Banks to meet their mandates, contributing to energy efficiency, environmental integrity, poverty reduction, enterprise development, health, wellbeing, and food security. The second Finance in Common (FiC) summit takes place this week. It offers a space for Public Development Banks (PDBs) to reinforce their commitments in support of climate and sustainable development. This year, the summit focusses on the contribution of PDBs to transforming agriculture and agribusiness for food security, adaptation to climate change, and biodiversity preservation. Most important to this discussion is the role of PDBs in supporting countries in the rapid transition to sustainable cold chains. Fortunately, development banks are already thinking about this issue. In June 2021, E3G and the Cool Coalition have co-convened a series of Informal Dialogues among Multilateral Development Bank (MDB) stakeholders on sustainable cooling. One objective is to establish a venue for the exchange of ideas among champions within MDBs on the integration of sustainable cooling across their portfolios. Representatives from the World Bank Group (WBG), Inter-American Development Bank (IDB), Asian Development Bank (ADB), African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB) engaged in the Dialogues. They identified barriers to mainstreaming sustainable cooling, successes within their ranks, and laid the groundwork for future investments. Additionally, through the Dialogues, the champions identified that sustainable cooling offers a clear opportunity for banks to meet their mandates contributing to energy efficiency, environmental integrity, poverty reduction, enterprise development, health outcomes, and food security goals. With input from a range of experts in the field, champions explored key cooling topics and asked, ‘what can MDBs do?’. They found:
However, these champions are part of a larger ecosystem and need internal and external support to forward sustainable cooling action. Internally, senior management must recognise the importance of cooling to bank mandates. Furthermore, they must acknowledge the political attractiveness of supporting shareholders in meeting their growing cooling needs. Externally, demand for cooling investments must ring out clearly from shareholders as a priority in their development and climate targets. On the technical side, champions also recognised the need for:
The recent announcement of the WBG Cooling Facility, which mobilising USD157 million in funding from the Green Climate Fund to support sustainable cooling solutions in nine countries, was a significant step forward. FiC, and MDB activity at COP26, offers a space to drive forward sustainable cooling for the benefit of all. |
URL | 查看原文 |
来源平台 | E3G |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/341292 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | Sindra Sharma-Khushal Larissa Gross. Cooling in Common: How the Finance in Common Summit can drive the Sustainable Cooling Agenda forward,2021. |
条目包含的文件 | 条目无相关文件。 |
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