Latest news with #KigaliAmendment
Cision Canada
25-06-2025
- Business
- Cision Canada
Countries Urged to Establish National Refrigeration Committees to Tackle Food, Health, Animals and Climate Challenges
PARIS, June 26, 2025 /CNW/ -- On the occasion of World Refrigeration Day, the International Institute of Refrigeration (IIR) is calling on all countries to recognise refrigeration as a critical infrastructure for health, food security, energy efficiency, and climate sustainability. The IIR also urges governments to establish National Refrigeration Committees, cross-sectoral platforms designed to coordinate sustainable refrigeration efforts across all applications, from cryogenic technologies and ultra-low temperature uses, to food and health cold chains, air conditioning, and heat pumps. These committees should bring together all relevant stakeholders, ensuring that the full range of actors, public and private, technical and policy, are involved in shaping effective and inclusive national refrigeration strategies. These efforts are identified by the IIR as essential to strengthening food systems, public health, industrial development, and climate action. Finally, the IIR, as the scientific, independent, and unbiased Intergovernmental Organisation for the Development of Refrigeration calls on more countries to join its mission and actively support global efforts to elevate refrigeration to the top of national and international agendas, recognising the refrigeration sector as a vital enabler of sustainable development and climate resilience. This global call echoes the outcomes from the 2025 World Refrigeration Day High-Level Event, hosted by the IIR on 18 June in Paris. Over 170 government, industry, scientific, and international organisation representatives from more than 60 countries came together to align around one message: refrigeration is no longer a side issue, it is core infrastructure. "This is the decade where sustainable refrigeration will shape our societies. Let's be visionary, let's be disruptive, and let's be inclusive," said Yosr Allouche, Director General of IIR. A Global Turning Point Representing governments' view, from Indonesia to Nigeria to the European Union, national leaders highlighted how refrigeration supports clean energy, food security, and economic inclusion. The proposed National Committees would bring together ministries, private sector, and academia to ensure coherent policies, aligned investments, and a skilled workforce. "We are witnessing the rebirth of the IIR, more relevant than ever, more united than ever," said Prof. Min-Soo Kim, President of the IIR General Conference. The Paris event also featured key intervention from Multilateral Fund for the Implementation of the Montreal Protocol which emphasised on the importance of considering sustainable cooling actions through sectoral approaches and maximise the benefits from early action in emerging sectors in developing countries and inline with the Kigali Amendment commitment, other key interventions also include those given by UNESCO, UNIDO, UNEP, WOAH, CCAC, World Bank IFC, GIZ Proklima, FAO and BSRIA. The IIR's announcement of the launch of the Global Refrigeration Outlook, IIR's new flagship report series to guide policy, science, and finance, was well received and appreciated by participants. Industry leaders, including Carrier Transicold, Chereau, Daikin Europe, Danfoss Climate Solutions, CIMCO Refrigeration and Sofrigam, Mayekawa and Climalife, showcased scalable innovations applying natural refrigerants, thermal integration, innovative cold chains and heat pumps solutions. But they stressed the need for enabling policies and predictable investment. From climate change to energy access, refrigeration is now recognised as a global systems issue, and one that can deliver rapid, equitable gains if approached collaboratively.
Yahoo
25-06-2025
- Business
- Yahoo
Magnetic Refrigeration Market Size to Surpass USD 9.40 Billion by 2032, Driven by rising demand for eco-friendly and energy-efficient cooling technologies
Magnetic Refrigeration Market growth is driven by ecofriendly cooling demand, energy efficiency gains, tech advances in magnetocaloric materials, and green regulations. Austin, June 25, 2025 (GLOBE NEWSWIRE) -- Magnetic Refrigeration Market Size & Growth Insights: According to the SNS Insider,'The Magnetic Refrigeration Market was valued at USD 0.51 billion in 2024 and is projected to reach USD 9.40 billion by 2032, growing at a CAGR of 43.69% from 2024 to 2032.' Magnetic Refrigeration: Pioneering the Future of Sustainable Cooling Technologies Magnetic Refrigeration Market is experiencing a huge demand from the energy efficient cooling solutions, stringent regulations to reduce greenhouse gas emissions as well as the international ban on the use of fluorocarbons under the agreements such as Kigali Amendment. This new technology can be 20–30% more efficient than conventional systems, and could cut energy use and greenhouse gas emissions by 60%. Its uptake is increasing in commercial refrigeration, air conditioning and heat pumps, which will be commercially viable by 2030. In the U.S., the market was valued at USD 0.09 billion in 2024 and is projected to surge to USD 1.87 billion by 2032, riding on the back of favorable government incentives and increasing need for sustainable cooling in industrial and commercial applications. Get a Sample Report of Magnetic Refrigeration Market Forecast @ Europe Leads, North America Accelerates in Magnetic Refrigeration Adoption In 2023, Europe dominated the magnetic refrigeration market with a 40% revenue share, on account of the imposition of regulations such as the F-Gas Regulation by the governments to limit damaging refrigerants, and the development of sustainable technology. Soaring electricity costs and ambitious climate targets are spurring take-up across commercial, industrial and transport sectors. Special area innovations The region also includes research establishments and pioneers in the domain of magnetocaloric materials. North America is the fastest-growing region from 2024 to 2032, on account of higher requirement of environment friendly cooling in food design, retail and logistics. Refrigeration manufacturers look for alternatives to high GWP chemistries U.S. EPA limits on HFCs, high energy costs, and a growing green technologies mindset are driving growth, coupled with the expanding cold chain industry and the global desire for low-emission refrigeration. Magnetic Refrigeration Market Report Scope: Report Attributes Details Market Size in 2023 USD 0.36 Billion Market Size by 2032 USD 9.40 Billion CAGR CAGR of 43.69% From 2024 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segmentation • By Product (Refrigeration Systems, Air Conditioning Systems, Heat Pumps)• By Application (Domestic, Commercial, Transportation, Industrial, Others) Purchase Single User PDF of Magnetic Refrigeration Market Report (20% Discount) @ Product and Application Trends Shaping the Magnetic Refrigeration Market Landscape By Product In 2023, the Refrigeration Systems segment dominated the magnetic refrigeration market with a 45% revenue share, as demand increased for advanced, energy efficient, and green magnetic refrigeration systems across commercial, industrial, and medical sectors. This growth is being driven by theerging food, beverage and pharmaceutical sectors. The Air Conditioning Systems segment is the fastest-growing, driven by the enforcement of tougher environmental legislations and the move towards sustainable cooling. Developments in magnetocaloric materials, smart technologies, and IoT integration will provide operating system efficiencies and speed system adoption. By Application The Commercial segment led in 2023 with 39% revenue share, due to high penetration in retail, hospitality, and food service applications. 24/7 Companies prefer magnetic systems due to their constant availability, low maintenance and increased performance supported by developments in magnetocaloric materials and growing sustainability issues. The Transportation segment is projected to be the fastest-growing in the magnetic refrigeration market from 2024 to 2032, due to the increasing demand for environmentally safe, energy-efficient cooling solutions in logistics applications, cold chains, and electric vehicle temperature control. With more stringent emission requirements and fuel economy standards, magnetic refrigeration is increasingly being used in trucks, trailers and containers since it consumes lower energy and causes less environmental pollution. Leading Market Players with their Product Listed in this Report are: Haier Smart Home Co. Ltd Camfridge Ltd Astronautics Corporation of America VACUUMSCHMELZE GmbH & Co. KG BASF SE ERAMET Samsung Electronics Co. Ltd Toshiba Corporation Whirlpool Corporation Sigma-Aldrich Corporation General Electric Magnotherm Solutions ALTO Refrigeration Manufacturing Co. Ltd kiutra Do you have any specific queries or need any customized research on Magnetic Refrigeration Market? Submit your inquiry here @ Recent News: In Dec 2024, U.S. scientists invent a magnetocaloric (MC) heat pump that is the same in cost, weight, size, and performance as conventional heat pumps – minus the pollutants – making MC technology a green, energy-efficient option. In Dec 2024, Ames National Laboratory researchers invent a magnetocaloric heat pump that matches conventional heat pumps for a cost, weight, and performance and doesn't rely on environmentally damaging refrigerants, Dec 2024 Table of Contents - Major Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Magnetic Refrigeration Market Segmentation, by Product 8. Magnetic Refrigeration Market Segmentation, by Application 9. Regional Analysis 10. Company Profiles 11. Use Cases and Best Practices 12. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)
Zawya
25-06-2025
- Business
- Zawya
Jordan: Environment Ministry, UNIDO sign agreement to phase down harmful refrigerants
AMMAN — The Ministry of Environment and the United Nations Industrial Development Organisation (UNIDO) on Tuesday signed a project document launching the first phase of Jordan's Kigali Amendment Implementation Plan under the Montreal Protocol, aimed at protecting the ozone layer. The partnership aims to support Jordan in fulfilling its international commitments to gradually phase down hydrofluorocarbons (HFCs), potent greenhouse gases commonly used in refrigeration and air conditioning that contribute to ozone depletion and climate change, according to a ministry statement. The project would also help develop a comprehensive national framework for managing HFCs and encourage the transition to more climate-friendly and environmentally sustainable alternatives, the statement said. Minister of Environment Muawieh Radaideh said the first phase of the project would prioritise key activities, including support for six Jordanian companies in the domestic and commercial refrigeration and air conditioning sectors. It will also provide specialised training equipment and tools for workers in the transport refrigeration servicing sector. Additionally, the project would strengthen the technical capacities of the Vocational Training Corporation, the Customs Department, the Jordan Standards and Metrology Organisation, industrial schools, and universities offering refrigeration and air conditioning programmes. Radaideh described the initiative as a pioneering step towards sustainable industrial development, enabling local companies to shift to environmentally safe refrigerants and reinforcing Jordan's commitment to international environmental agreements. He also expressed appreciation for UNIDO's continued partnership. UNIDO Resident Representative in Jordan Sulafa Madanat highlighted the project as a model for international cooperation, underscoring the importance of strategic partnerships in accelerating climate action and advancing the Sustainable Development Goals. The initiative is being implemented within the framework of Jordan's National Cooling Strategy and supports national climate objectives outlined in the Kingdom's Nationally Determined Contributions (NDCs). The first phase is backed by approximately $2.5 million in funding. This phase is expected to lay the groundwork for enhanced international cooperation and resource mobilisation in subsequent stages, positioning Jordan as a regional leader in environmental protection and sustainable development, the statement said.
Bahrain News Gazette
17-02-2025
- Business
- Bahrain News Gazette
Oil Minister Inaugurates SCE International Workshop on Air Conditioning Technologies
Manama: Dr. Mohamed bin Mubarak Bin Dainah, Minister of Oil and Environment and Special Envoy for Climate Affairs, inaugurated the international workshop on the availability of air conditioning technologies in high-temperature countries organised by the Supreme Council for the Environment (SCE). According to Bahrain News Agency, the minister noted that the workshop follows the ratification of the Kigali Amendment to the Montreal Protocol by most GCC countries, committing them to a gradual reduction in the use of hydrofluorocarbons (HFCs) as refrigerants in cooling and air conditioning systems. Dr. Bin Dainah emphasised the importance of knowledge exchange and technology transfer in developing strategies to reduce the use of high-global-warming potential refrigerants, particularly in high-temperature climates that require sustainable and efficient cooling solutions. The minister highlighted the SCE's commitment to engaging all stakeholders in air conditioning technology development and manufacturing, along with end users, to assess the future availability, economic feasibility, and safety requirements of sustainable cooling technologies. This approach aims to guide the adoption of safe and sustainable air conditioning solutions over the next two decades, he added. The minister also noted that GCC countries began calculating their baseline HFC refrigerant consumption for 2024-2026 as part of preparations for strategic cooling plans covering 2028-2047. These plans focus on adopting sustainable technologies across the residential, commercial, industrial, transportation, and fire suppression sectors. The workshop brought together leading air conditioning manufacturers from Japan, China, the European Union, the United States, and the GCC, alongside experts in cooling technology, representatives from UN agencies responsible for implementing air conditioning and refrigeration planning strategies, the head of the Montreal Protocol Multilateral Fund, and representatives from GCC ozone units and standardisation bodies.
