The cooling market in developing economies is expected to grow from around USD 300 billion to USD 600 billion, at least, per year by 2050, according to a new report. The report by the UN Environment Programme (UNEP)-led Cool Coalition and International Finance Corporation (IFC) said the fastest growth in cooling is expected in Africa, which will see the market multiply by a factor of seven, and South Asia, which will quadruple in size. The report titled "Cooler Finance: Mobilizing Investment for the Developing World's Sustainable Cooling Needs" also called for prioritising passive, energy-efficient, environmentally friendly, and economically viable cooling solutions. It said that about two t
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