WOODCLIFF LAKE, NJ – October 5, 2023 – Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers – today announced that the Company has joined the Cool Coalition, a global multi-stakeholder network that connects a wide range of key participants from government, cities, international organizations, businesses, finance, academia, and civil society groups to facilitate knowledge exchange, advocacy and joint action towards a rapid global transition to efficient and climate-friendly cooling.
The Cool Coalition was assembled by the United Nations Environment Programme (UNEP) with the belief that a unified effort of governments, cities, businesses, and civil society that share the objective of advancing efficient, climate-friendly cooling will be more effective in bringing about change than any of us acting alone. The organization has over 100 partners including 23 countries, and works around three key pillars of advocacy, action and knowledge exchange under the recognition that ensuring the transition to efficient, climate-friendly cooling for all is fundamental for climate action and sustainable development. The Cool Coalition promotes a cross-sectoral approach to meet the cooling needs of both industrialized and developing countries through urban form, better building design, energy efficiency, renewables, and thermal storage as well as phasing down HFCs.
According to the Cool Coalition, “Around 30 percent of the world’s population is exposed to life-threatening temperatures for at least 20 days a year, and heat waves already lead to 12,000 deaths worldwide. These numbers will increase as the planet warms. Lack of cooling kills, but so does providing inefficient cooling and cooling that heightens global warming. Cool Coalition members are collaborating on science, policy, finance, and technology to meet growing demands for cooling comprehensively, all aimed at raising climate ambition in the context of the Sustainable Development Goals while complementing the global goals of the Kigali Amendment to the Montreal Protocol and the Paris Climate Agreement.” The organization’s mission also aligns to promote the HFC reduction goals set by the United States via the passage of the American Innovation and Manufacturing Act.
Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies, commented, “Hudson’s commitment to supporting the circular economy for refrigerants and environmental stewardship is a fundamental element of our operations. Joining the Cool Coalition is a natural fit, complementing our goal to accelerate the global transition to efficient and climate-friendly cooling alternatives. Hudson has proven success providing environmentally sustainable solutions for all cooling needs — from the initial sale of refrigerant through recovery, reclamation, and reuse as well as through our portfolio of servicing options which help promote peak operating performance of equipment through energy efficiency and emergency HVAC system repair, as well as refrigerant end-of-life management and carbon credit development. We look forward to working with the members of the Cool Coalition to advance efficient, effective and sustainable cooling practices and products to ease and accelerate the transition to greener cooling systems and refrigerants.”