“The use of energy for cooling buildings has more than tripled between 1990 and 2016, with nearly 70 percent of this increase stemming from the residential sector. According to Solving the Global Cooling Challenge, a new report by the Rocky Mountain Institute, room air conditioners (RACs) — the typical window and split units used in most homes — are estimated to increase from 1.2 billion units worldwide today to 4.5 billion units by 2050. Most of this growth will come from emerging economies.
To tackle this issue, the government of India, Mission Innovation and Rocky Mountain Institute today announced the launch of The Global Cooling Prize, an international competition to incentivize the development of a residential cooling technology that will have at least five times less climate impact than standard RAC units. More than $3 million will be awarded in prize money over the course of the two-year competition. Up to 10 shortlisted technologies will be awarded up to $200,000 each in intermediate prizes to support the design and prototype development of their innovative residential cooling technology designs.”
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