The report said that 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.
This also has the potential to reduce greenhouse gas emissions significantly and create nearly 3.7 million jobs.
The report has found thatshifting to a more energy efficient pathway could lead to a substantial reduction in expected CO2 levelsover the next two decades.
Indias cooling strategy can help save lives and livelihoods, reduce carbon emissions and simultaneously position India as a global hub for green cooling manufacturing.
The report suggests a sustainable roadmap for cooling that has the potential to reduce 300 million tons of carbon dioxide annually by 2040.