“The Bill for climate change is already on your kitchen table and it’s going to continue to rise.”
Stay cool.
Over the past five years, the world has experienced some of its hottest years on record, and meteorologists are warning that El Niño – a periodic warming of Pacific Ocean surface waters – could drive a new series of extreme weather events in 2026 and 2027. This comes as the adoption of air conditioning around the world has already been accelerating – the result of rising incomes in many economies with hot climates and record-breaking heatwaves in regions that previously had only limited cooling demand. As extreme heat events become more frequent and widespread, perceptions of cooling are shifting, driving more consumers to consider purchasing an air conditioner (AC). At the same time, falling unit prices and elevated inventories across the supply chain are lowering barriers to AC adoption, suggesting that the number of households purchasing their first AC unit will reach new highs in the years ahead.