This report describes the lessons learned from three market-based financing mechanisms developed to facilitate consumer purchases of energy-efficient and climate-friendly refrigerators and air conditioners in lieu of outdated appliances implemented by the ECOWAS Refrigerators and Air Conditioners (ECOFRIDGES) initiative in Ghana and Senegal, and the Rwanda Cooling Initiative (R-COOL).
These initiatives, supported by the United Nations Environment Programme’s (UNEP) United for Efficiency (U4E) initiative, the respective governments, and with assistance from the Basel Agency for Sustainable Energy (BASE), have implemented financing mechanisms that are central to their success over the course of several years. The projects were made possible with funding from the Clean Cooling Collaborative (CCC).
The report also provides comprehensive guidelines for stakeholders involved in similar financing mechanisms for energy-efficient and climate-friendly appliances, which offer valuable insights into the expectations for such mechanisms and outline the specific ways in which each stakeholder can actively contribute to their successful implementation and outcomes.