The Global Cooling Innovation Summit was inaugurated by Union Environment Minister Harsh Vardhan on November 12, 2018, in New Delhi. While speaking at the inaugural event, the Union Minister announced the launch of the Global Cooling Prize, an international competition to incentivize the development of a residential cooling technology that will have five times less climate impact in comparison to the standard Room Air Conditioning (RAC) units sold currently.
The Minister said that concrete and collective actions are required to address the colossal challenge of global warming. He added that India is close to doubling its research and development activities in this regard.
1. The two-day summit is a first-of-its-kind solutions-focused event, which has been organized to explore concrete means and pathways to address the climate threat that comes from the growing demand from room air conditioners.
2. It has been jointly organized by the Department of Science and Technology along with Rocky Mountain Institute, Alliance for An Energy-Efficient Economy (AEEE), Conservation X Labs and CEPT University.
3. The summit saw the launch of the Global Cooling Prize, which is an Innovation challenge that aims to spur development of a residential cooling solution that has at least five times less climate impact than the standard air conditioners.
4. It is expected to witness participation from distinguished speakers from around the world, including innovators, philanthropists, venture capitalists, and other industry leaders.