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INDUSTRY NEWS

World Bank to back sustainable cooling solutions

USA: The World Bank has announced a new programme to accelerate the uptake of sustainable cooling solutions, including air conditioning, refrigeration and cold chain in developing countries.

The programme will provide technical assistance to ensure that efficient cooling is included in new World Bank Group investment projects and mobilise further financing.

With demand for cooling increasing globally, energy use for cooling is projected to triple by 2050. Today, it is estimated that more than 1 billion people lack access to sustainable cooling solutions with the potential to impact health, food security, productivity and growth. The lack of cold storage and refrigerated transport contributes to 1.5 million vaccine-preventable deaths and the waste of about a third of the total food produced annually.

“Sustainable cooling is a fundamental part of the energy transition. Meeting the growing demand for cooling services without compromising climate change goals will require substantial investments in energy efficient cooling solutions that are affordable and accessible to developing countries. This is exactly what the new programme is set to do and as such, it will underpin the World Bank’s longer-term strategy on sustainable cooling,” said Rohit Khanna, manager of the energy sector management assistance program (ESMAP) at the World Bank.

Led by ESMAP and the World Bank’s Climate Change Group, the new Efficient, Clean Cooling Program is being established thanks to a $3m grant from the Kigali Cooling Efficiency Program (K-CEP).

“Efficient, clean cooling can contribute significantly to a stable climate and cut energy costs at the same time. However, financing is needed to cover the capital costs of cooling technology, especially in developing countries. That is why K-CEP is excited to partner with the World Bank to mobilise the investments required to make cooling for all a reality,” said Dan Hamza-Goodacre, K-CEP executive director.

The programme intends to help countries develop the necessary market infrastructure, financing mechanisms, and policies and regulations to deploy sustainable cooling at scale, focusing on air conditioning, refrigeration and cold chain, cool surfaces such as reflective roofs, walls and pavements, and mitigation of urban heat island effects. Another area of focus will be working with public and private sector partners to raise awareness around efficient, clean cooling opportunities in emerging markets.

Comprehensive Furnace Maintenance Checklist to Keep You Warm and Lower Cost [Infographic]

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Winterizing your home with a furnace maintenance checklist will maximize the efficiency of your temperature and help curtail HVAC expenses by reducing heat loss.

Many homeowners choose to hire a trusted HVAC company to prepare their furnace for the winter months, while others take the do-it-yourself approach.

We recommend an annual service check by a professional to ensure your system is ready for peak performance. However, if you’re planning to take some maintenance steps yourself, the following checklist will help you successfully prepare your furnace for the winter season.

Continue reading “Comprehensive Furnace Maintenance Checklist to Keep You Warm and Lower Cost [Infographic]”

CMA blocks Sainsbury’s/Asda merger

UK: The Competition and Markets Authority (CMA) has blocked the proposed merger between Sainsbury’s and Asda, deciding that UK consumers would be worse off.

Following an in-depth investigation, a group of independent CMA panel members concluded that the deal merging two of the country’s largest supermarkets would result in a substantial lessening of competition at both a national and local level for people shopping in supermarkets. Specifically, it expected price rises, reductions in the quality and range of products available, or a poorer overall shopping experience.

Stressing that it was the CMA’s responsibility to protect the millions of people who shop at Sainsbury’s and Asda every week, Stuart McIntosh, chair of the inquiry group, said: “We have concluded that there is no effective way of addressing our concerns, other than to block the merger.

In a statement, Sainsbury’s CEO, Mike Coupe, said: “The specific reason for wanting to merge was to lower prices for customers. The CMA’s conclusion that we would increase prices post-merger ignores the dynamic and highly competitive nature of the UK grocery market. The CMA is today effectively taking £1bn out of customers’ pockets.”

The CMA’s investigation found that, as well as affecting in-store customers, the merger would result in increased prices and reduced quality of service, such as fewer delivery options, when shopping online. Furthermore, it would lead to motorists paying more at over 125 locations where Sainsbury’s and Asda petrol stations are located close together.

In coming to its decision, the CMA said it reviewed a wide range of issues, such as the increased competition presented by discount stores like Lidl and Aldi, and how new or expanding competitors could affect the retail market, including online, but these did not allay its serious competition concerns about the merger.

The CMA also carefully reviewed the companies’ statement they would cut some prices. However, detailed analysis of the impact of the deal clearly showed that, overall, the merger would reduce competition in the market and is more likely to lead to price rises than price cuts.

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