Cooling Facility

About this project

In light of the pressing need and rapidly growing demand for sustainable and affordable cooling services in many developing countries and in response to the combined challenges of addressing climate change and meeting Sustainable Development Goals (SDGs), the Cooling Facility is proposed as an innovative, multi-sector and multi-country programmatic financing mechanism. It seeks to transform the cooling sector by increasing energy efficiency (and thus helping better manage and reduce associated electricity demand), reducing or avoiding GHG emissions, and accelerating access to cooling for economic growth and human capital development. To achieve this goal, the Facility will channel concessional climate finance from the GCF to co-finance IBRD and IDA cooling operations that: (i) support investments in efficient, affordable and sustainable cooling; (ii) catalyze technology and business model innovations across cooling value chains and sectors to reduce barriers for private sector investment; (iii) help build an enabling environment for sustained, long-term systemic changes The Facility is proposed at a time when global demand for cooling is increasing exponentially, mainly driven by growing populations, urbanization, rising income levels in developing countries, as well as a warming climate. It seeks to help countries address barriers and take the opportunity available now to get on a sustainable path for low carbon cooling, and in doing so also contribute to improved livelihoo…

Published by

Green Climate Fund · Multilateral

Countries

Sri Lanka, North Macedonia, Panama, São Tomé & Príncipe, El Salvador, Malawi, Somalia, Kenya, Bangladesh

Sectors

Disaster Risk ReductionEnergy conservation and demand-side efficiency

Focus

Climate adaptation · Main focusClimate mitigation · Main focus

Funded by

Green Climate Fund

Implemented by

International Bank for Reconstruction and Development and International Development Association

Published by Green Climate Fund to the International Aid Transparency Initiative (IATI), last updated 1 Jul 2026 and imported automatically. IATI identifier: XM-DAC-41317-FP177.

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