The Economics of Air Conditioning: Why Europe Lags Behind the U.S. (And What It Means for Investors) For American professionals and retail investors traveling abroad, a European summer vacation often delivers a sharp reality check: a distinct lack of air conditioning. In the United States, central AC is a standard fixture in nearly 90% of … Continue reading The Economics of Air Conditioning: Why Europe Lags Behind the U.S. (And What It Means for Investors)