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Low-carbon heating in India could be a more than $1.5 trillion investment opportunity over the next two years, as the country grapples with extreme heat waves at an “unprecedented frequency,” which according to a joint report by the World Bank and several environmental groups. .
The main focus is on refrigeration and commercial buildings — a project that could avoid 200 million tons of greenhouse gas emissions annually by 2040, the report said. It emphasized the need for the government to support the production of electric and gas generators, as well as subsidies for consumers to reduce the initial costs of these devices.
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India could be one of the world’s worst victims of rising temperatures, threatening people’s health and threatening the economy with productivity losses due to over-reliance on heat-intensive industries , according to the report. Heating equipment that runs on an electricity system that relies on fossil fuels creates more emissions, and the need for cleaner technologies.
“Hot heating is not a luxury but a human right for all,” the report said. About two-thirds of the country’s population lives on less than $2 a day, and the high cost of refrigeration makes the country unaffordable. poor, he said.
March this year was India’s hottest ever. In the following weeks, the country experienced record heat that dried crops and disrupted the country’s power system due to the high demand for electricity due to the use of gases.
The report builds on India’s Energy Efficiency Action Plan, a government initiative to bring affordable and energy-efficient heating to the forefront of the national policy agenda.
Other areas that require investment are air conditioners in vehicles, the development of low temperature controlled production chains and refrigerated transport as well as the elimination of ozone-depleting refrigerators and increase the use of alternatives, according to the report. Food spoilage from heat during transport costs the country about $13 billion a year, according to the report, and pharmaceuticals cost hundreds of millions of dollars. damage every year due to the breakdown of refrigerator supply chains.
This story has been published from the phone feed without changing the text.
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