Context
The number of air conditioning systems in the Southern African Development Community (SADC) region will more than triple from approximately 5.4 million by 2030. It is therefore important to reduce greenhouse gas emissions and make cooling technologies more energy efficient. This is made difficult by high costs and the limited availability of air conditioning systems with natural refrigerants. The project therefore plans to develop a support programme for green air conditioning systems in accordance with Article 6 of the Paris Climate Agreement.
Objective
The cooperating countries implement national funding programmes for green air conditioning systems with heat pump function within their national Internationally Transferred Mitigation Outcome (ITMO) regulations.
Approach
It also implements an exemplary carbon financing instrument that considers carbon financing in accordance with Article 6 of the Paris Agreement. The cooperating countries are supported in this by the development of a refrigeration sector-related ITMO project. The project also provides selective support to some of the countries regarding their ITMO frameworks. In addition, it develops financing mechanisms to maintain the financing of green air conditioning systems beyond the end of the project.
Status
March 2024