The role of MSMEs on decarbonisation in India’s HVAC industry

31 Aug 2024 CW Team

Our planet is at a critical juncture. Climate change is causing irreparable damage to the environment. Health risks from indoor and outdoor air quality are on the rise. Thankfully, there are global groups addressing climate change. The United Nations Framework Convention for Climate Change created the Conference of Parties (COP) meetings where governments assess global efforts to advance the key Paris Agreement aim of limiting global warming to as close as possible to 1.5 degrees Celsius above pre-industrial levels.

Nations have made specific commitments to climate action. India’s Prime Minister Modi committed to a five part nectar pledge (Panchamrit). Four of these pledges are reachable by 2030. India’s goals include reaching 500GW of non-fossil electricity capacity, generate half of all energy requirements from renewables, reduce emissions by 1 billion tonne and reduce emissions intensity of GDP by 45 per cent. The fifth pledge commits India to net zero emissions by 2070. India’s five commitments are a critical foundation in the global pathway to achieving the ambitious 1.5 degrees Celsius global warming target...

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