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Chilling Prospects 2022: Unlocking financing for energy-efficient cooling in Rwanda
The Rwanda Cooling Initiative (R-COOL), launched in 2018 by UNEP, BASE, and REMA, implements energy performance standards and labels to promote climate-friendly cooling. In 2021, the initiative expanded to include a financing initiative (FI) based on a 'green-on wage' model, aiming to provide low-interest loans for public and private sector employees to purchase approved appliances, with a target of unlocking USD 1 million for 12,500 appliances by 2024.
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