New Delhi, Nov 30 : Between 160 and 200 million people across India could be exposed to lethal heatwaves annually by 2030, as per a report released by the World Bank on Wednesday.
The report, “Climate Investment Opportunities in India’s Cooling Sector”, also claimed that around 34 million people in India will face job losses due to heat stress.
“As temperatures steadily rise in India due to climate change, keeping spaces cool using alternative and innovative energy efficient technologies can open an investment opportunity of $1.6 trillion by 2040,” it said.
The report finds that shifting to a more energy efficient pathway could lead to a substantial reduction in expected CO2 levels over the next two decades.
This also has the potential to reduce greenhouse gas emissions significantly and create nearly 3.7 million jobs, it said.
As per the report, food loss due to heat during transportation is close to $13 billion annually.
By 2037, the demand for cooling is likely to be eight times more than current levels, said the report. This means there will be a demand for a new air-conditioner every 15 seconds, leading to an expected rise of 435 per cent in annual greenhouse gas emissions over the next two decades.
“India’s cooling strategy can help save lives and livelihoods, reduce carbon emissions and simultaneously position India as a global hub for green cooling manufacturing,” said Auguste Tano Kouamé, the World Bank’s Country Director in India.
“The report suggests a sustainable roadmap for cooling that has the potential to reduce 300 million tons of carbon dioxide annually by 2040″ he said.
Recognising this challenge, India is already deploying new strategies to help people adapt to rising temperatures, the report said.
In 2019, it launched the India Cooling Action Plan (ICAP) to provide sustainable cooling measures across various sectors, including indoor cooling in buildings and cold chain and refrigeration in the agriculture and pharmaceuticals sector and air-conditioning in passenger transport.
Its aim is to reduce the demand for cooling by up to 25 per cent by 2037-38.
The new World Bank report also proposes a roadmap to support the ICAP’s new investments in three major sectors: building construction, cold chains and refrigerants.
The report suggested that India’s affordable housing programme for the poor, the Pradhan Mantri Awas Yojana (PMAY), can adopt such changes on scale. This could benefit over 11 million urban homes and over 29 million rural houses that the government aims to construct.
To minimise rising food and pharmaceutical wastage during transport due to higher temperatures, the report recommended fixing gaps in cold chain distribution networks.
“Investing in pre-cooling and refrigerated transport can help decrease food loss by about 76 per cent and reduce carbon emissions by 16 per cent,” it said.
“The right set of policy actions and public investments can help leverage large scale private investment in this sector. We recommend that these moves be accelerated by creating a flagship government mission to address the challenges and opportunities from rising temperatures in India,” said Abhas Kumar Jha, Practice Manager, Climate and Disaster Risk Management, South Asia and Mehul Jain, Climate Change Specialist, World Bank.
India aims to phase out the production and use of ozone-depleting hydrochlorofluorocarbons, used as coolants in air conditioners and refrigerators by 2047, he said.
The report recommends improvements in servicing, maintenance and disposal of equipment that use hydrochlorofluorocarbons, alongside a shift to alternative options with a lower global warming footprint.
This can create two million jobs for trained technicians over the next two decades and reduce the demand for refrigerants by around 31 per cent.
