Who Will Pay To Cool The Planet?
Xavier Moya, a Cambridge University professor, won the $1m TERA-Award for his innovative solid-state cooling technology that could limit emissions as demand for cooling is set to triple by 2050. The technology could deliver more energy-efficient cooling systems free from high global warming potential refrigerants.
Cambridge University professor Xavier Moya won the $1m TERA-Award for his solid-state cooling technology. Moya's innovation uses materials that alter temperature at different pressures, potentially making cooling systems more energy-efficient and refrigerant-free. Demand for cooling is projected to triple by 2050, driven by emerging economies in Asia, Africa, and Latin America. The majority of demand will come from households, data centres, food systems, healthcare, and commercial real estate. The challenge is to mobilise institutional capital to meet demand without locking in high-emission systems. Initiatives like the Cooling Facility, launched by the Green Climate Fund and the World Bank, aim to catalyse emerging cooling technologies.
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