Coordinating finance for sustainable refrigeration and air conditioning

The refrigeration and air conditioning (RAC) sector faces a particular challenge in the implementation of effective finance strategies given its cross-sectoral nature – extending from manufacturing of gases and appliances to energy end-use in buildings – and hence the different institutional responsibilities as well as policy and compliance regimes that affect the sector. Against this backdrop, this paper focusses on questions related to the financing of the low-carbon transition of the RAC sector. The objective of the paper is to provide an overview of the current finance situation in the sector including a discussion of the different available sources of finance for ambitious reductions of direct and indirect emissions, and roles of different actors in this regard.