Report

Climate Investment Opportunities in India’s Cooling Sector

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collection.link.77
https://openknowledge.worldbank.org/handle/10986/2185
collection.name.77
Other Financial Sector Study
dc.contributor.author
World Bank
dc.date.accessioned
2022-11-23T18:51:44Z
dc.date.available
2022-11-23T18:51:44Z
dc.date.issued
2022
dc.date.lastModified
2022-11-28T18:41:21Z
dc.description.abstract
India, recognizing the complex challenges of rising temperatures, was one of the first countries in the world to develop a comprehensive Cooling Action Plan in 2019. The India Cooling Action Plan (ICAP) sets out a long-term vision of ensuring sustainable cooling and thermal comfort for all while securing environmental and socio-economic benefits. The ICAP recognizes that cooling is a cross-sectoral challenge, and that sustainable delivery of cooling is needed to deliver climate-resilient economic growth. To help India achieve the ICAP’s bold vision while identifying entry points for World Bank sectoral engagement, the Bank commissioned a study in December 2020, with the aim of identifying practical ways to Support the Implementation of the ICAP, including via identification of the role of concessional finance in delivering cooling solutions. Following a consultation process involving over 20 different stakeholders from academia, industry, thinktanks and the Government, the study found that over the next few decades, the projected growth of cooling-related sectors will result in an exponential rise in cooling and refrigerant demands, and energy consumption in all sectors. This will be matched with an increase in GHG emissions, projected to double by 2027. It concludes that India’s cooling strategy can help mitigate risks of heat on lives and livelihoods, lower carbon emissions, and position India as a global hub for green cooling manufacturing. Additionally, India’s long-term food security and public health security depend on a reliable cold chain network. Unlocking opportunities to create a sustainable cooling strategy will also help India in its post-COVID recovery by boosting investments, creating jobs, reducing emissions, and securing the supply chains of medical care products, health infrastructure, as well as food products. The study includes a series of roadmaps designed to help achieve sustainable cooling in key ICAP thematic areas, i.e., Space Cooling in Buildings, Cold-Chain and Refrigeration (Agriculture and Health), Passenger Transport Air-Conditioning and Refrigerants. The study finds that concessional finance by multilateral development banks, financial institutions and the private sector will play a key role in helping India develop financial instruments and innovative models to accelerate the adoption of sustainable cooling measures. These innovative financial instruments will be crucial to develop and transform the cooling market in India.
en
dc.identifier
http://documents.worldbank.org/curated/en/099920011222212474/P15743300f4cc10380b9f6051f8e7ed1147
dc.identifier.uri
http://hdl.handle.net/10986/38340
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
COOLING ACTION PLAN
dc.subject
SUSTAINABLE COOLING
dc.subject
FINANCING AND INVESTMENT
dc.subject
COLD CHAIN
dc.subject
REFRIGERATION
dc.subject
PASSENGER TRANSPORT
dc.title
Climate Investment Opportunities in India’s Cooling Sector
en
dc.type
Report
en
okr.date.disclosure
2022-11-23
okr.date.lastmodified
2022-11-23T00:00:00Z
en
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Other Financial Sector Study
okr.docurl
http://documents.worldbank.org/curated/en/099920011222212474/P15743300f4cc10380b9f6051f8e7ed1147
okr.googlescholar.linkpresent
yes
okr.guid
099920011222212474
okr.identifier.externaldocumentum
P157433-0f4cc116-03fa-4538-b9f6-51f8e7ed1147
okr.identifier.internaldocumentum
33943333
okr.identifier.report
177959
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/099920011222212474/pdf/P15743300f4cc10380b9f6051f8e7ed1147.pdf
en
okr.region.administrative
South Asia
okr.region.country
India
okr.topic
Environment :: Adaptation to Climate Change
okr.topic
Macroeconomics and Economic Growth :: Climate Change Economics
okr.topic
Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.unit
SAR- Climate Change and DRM (SSACD)

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