2min chapter

Ones and Tooze cover image

What Does a Crypto Crash Portend for the Economy?

Ones and Tooze

CHAPTER

Is There Evidence of Climate Change Producing Greater Demand for Air Conditioning?

The main driver of the demand for air conditioning is not climate change or heat spike, but income growth. As soon as people living in countries in the hot parts of the world reach a ten thousand dollar per year per capita threshold, they start buying air conditioning. And india is definitely in this kind of category now. The indian middle class are, in ways, as it werea acquiring air conditioning.

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