Low carbon technologies could fuel 'cold economy' boom
The demand for cooling in everything from supermarkets and medicines to data centres could boom to create huge growth in the "cold economy" in the coming years, a new report from the Carbon Trust maintains.
David Sanders, director, innovation at the Carbon Trust, said: “Turning the Cold Economy from an idea into reality will depend on joined-up thinking and collaboration by industry, academia and government to develop, test and deploy novel solutions. With Britain’s rich history of innovation and engineering, we have a real opportunity to lead the way in low carbon cold technologies and drive innovative solutions from the lab to the market.”
According to the Trust's report, The Emerging Cold Economy, by 2030 global power demand for cooling could grow by the equivalent of three times the current electricity capacity of the UK. At the same time, it points out, vast amounts of cold are wasted. It cites the re-gasification of LNG at import terminals as an example. This could potentially be recycled to reduce the cost and environmental impact of cooling in both buildings and vehicles.
Access the full report here.
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