Keeping spaces cool using alternative and innovative energy-efficient technologies can open up an investment opportunity of $1.6 trillion by 2040 in India, says a report released by the World Bank on Wednesday.
The report — “Climate Investment Opportunities in India’s Cooling Sector” — also found this shift to efficient technologies had the potential to reduce greenhouse gas emission and create nearly 3.7 million jobs.
Auguste Tano Kouamé, World Bank country director in India, said the report had suggested a sustainable road map for cooling, which had the potential to reduce 300 million tonnes of carbon dioxide annually by 2040.
