IR commits $500m to GHG reductions
USA: Ingersoll Rand, parent of Trane and Thermo King, is to invest $500m in r&d to reduce greenhouse gas emissions.
The financial investment is part of its commitment to the Clean Energy Ministerial (CEM) Advanced Cooling Challenge (ACC) announced yesterday. The $500m commitment will provide investment in product-related research and development by 2020 to fund the long-term reduction of greenhouse gas emissions through its transport refrigeration and HVAC products.
“We believe in the mission to provide high-efficiency, climate-friendly and accessible cooling products to markets around the world,” said Dave Regnery, president of Ingersoll Rand’s commercial HVAC business for North America, Europe, Middle East and Africa. “Nearly half of the world’s energy is used in industrial, commercial and residential buildings, with the HVAC and lighting systems being the greatest opportunity for improvement. We believe Ingersoll Rand can make a difference by helping building owners address this critical issue.”
Ingersoll Rand also committed to reducing GHG emissions from its operations by 35% by 2020. To achieve these targets, Trane is applying energy services and building automation systems from its Trane Building Advantage brand to improve the efficiency of its own facilities with high-efficiency, smart and climate-friendly building energy management systems and Trane cooling equipment.
The ACC was designed to urge governments, companies and other stakeholders to make, sell, or install super-efficient air conditioner or cooling solutions that are smart, climate-friendly and affordable.
The Clean Energy Ministerial (CEM) is a forum of the world’s largest and most forward-leaning countries working together to accelerate the global transition to clean energy. Launched in 2010, the U.S. hosted the first ministerial meeting in Washington D.C. The participating energy ministries include Australia, Brazil, Canada, China, Denmark, the European Commission, Finland, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Norway, Russia, Saudi Arabia, South Africa, Spain, Sweden, the United Arab Emirates, the United Kingdom, and the United States.
Trane was the first to announce the production of chillers running on low GWP alternative refrigerants 1233zd and 1234ze, as well as the lower GWP refrigerant R513A. In transport refrigeration, its Thermo King brand now includes refrigeration units running on the R404A alternative R452A.