
Over 160-200 million Indians could be exposed to lethal heat waves annually: World Bank
The HinduFrom 2030 onwards, more than 160 to 200 million people could be exposed to a lethal heat wave in India every year, and around 34 million Indians will face job losses due to heat stress-related productivity decline. According to the report, “Climate Investment Opportunities in India’s Cooling Sector”, this could open an investment opportunity of $1.6 trillion by 2040 besides reducing greenhouse gas emissions significantly and creating 3.7 million jobs. The report proposes a roadmap to support New Delhi’s India Cooling Action Plan 2019, through new investments in three major sectors: building construction, cold chains and refrigerants. “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 right set of policy actions and public investments can help leverage large scale private investment in this sector,” said the authors of the report, Abhas K. Jha, Practice Manager, Climate and Disaster Risk Management, South Asia and Mehul Jain, Climate Change Specialist, World Bank.
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