India’s Heat-waves Open An Investment Opportunity Of $1.6 Trillion By 2040: World Bank Report
To reduce the demand for cooling by up to 25 percent by 2037, India launched the India Cooling Action Plan (ICAP) to provide sustainable cooling measures. Such alternative and innovative energy-efficient technologies could be an investment opportunity of $1.6 trillion by 2040 for India which in turn has the potential to create nearly 3.7 million jobs.
The ICAP provides such cooling strategies across various sectors, including indoor cooling in buildings; cold chain and refrigeration in the agriculture and pharmaceuticals sector; and air-conditioning in passenger transport. This would mean there will be a demand for a new air-conditioner every 15 seconds. Given the huge-scale, adopting climate-responsive cooling techniques can lead India to be a global hub for green cooling manufacturing.
Read More At: The Economic Times