GEA Refrigeration Technologies, the GEA division specializing in industrial refrigeration, joined the Cool Coalition led by the UN Environment Programme (UNEP). The initiative aims to drive the use of efficient, climate-friendly cooling in industrial processes and urban environments by fostering dialog between governments, business, finance and civil society.
According to the International Energy Agency (IEA), it is estimated that the world will require 3.5 times more cooling by 2050 than today. Refrigeration and air-conditioning systems currently consume around 15 percent of global electricity production.
In its new climate strategy, GEA announced it would give priority to driving sustainable innovation in technologies that remain energy-intensive such as refrigeration technology. By joining the Cool Coalition, the company is underlining its commitment to reduce its own greenhouse gas emissions along its entire value chain to net zero by 2040.