2.4 billion people worldwide are highly exposed to extreme heat – and the number is increasing due to global warming. As a result, the demand for cooling solutions is growing. In developing countries, sustainable cooling solutions could reduce cooling-related emissions by almost 50 percent, reducing the cost of electricity, equipment and energy sector investment by eight trillion US dollars by 2050. This is the conclusion of the report „Cooler Finance: How to Fund the Developing World’s Growing Cooling Needs“ by the UN Environment Program (UNEP) and the International Finance Cooperation (IFC) published on Wednesday at the UN General Assembly in New York.