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The Middle East provides ample opportunities for Hong Kong greentech firms to showcase their energy-saving solutions for buildings, but finding local partners is challenging, according to start-ups.
Dubai, 5 December 2023 – Taking key measures to reduce the power consumption of cooling equipment would cut at least 60 per cent off predicted 2050 sectoral emissions, provide universal access to life-saving cooling, take the pressure off energy grids and save trillions of dollars by 2050, according to a new report published during the COP28 climate talks in Dubai.
A new report unveiled at COP28 has found that global emissions from the heating and cooling sector could be reduced by at least 60%, while also reducing grid pressure, saving consumers money and improving quality of life.
The report suggests that if key measures are adopted in the cooling sector, there could be a significant reduction in power growth, potentially cutting predicted emissions by 60-96%.