COOLING NO MORE A LUXURY, BUT A NECESSITY
Outlook Business|May 2024
With the rise in demand of air conditioners due to heat stress, sustainable air conditioning is the way forward to bring relief to people as well as manage emissions
Naina Gautam
COOLING NO MORE A LUXURY, BUT A NECESSITY

Cooling is hot, particularly with India hitting summers. In fact, it is more so because cooling is a necessity and not a luxury. Remember, in a tropical country like India, heat stress can even lead to death for some. Realising and appreciating the importance, Air Conditioning Appreciation Days are celebrated from July 3 to August 15 every year.

The economic losses resulting from extreme weather events increased by 23% between 2010–14 and 2018–22 amounting to $264 billion in 2022 alone whereas heat exposure led to global potential income losses worth $264 billion, according to The 2023 report of the Lancet Countdown on health and climate change: the imperative for a health-centred response in a world facing irreversible harms. It adds that economic losses that are related to global heating affect livelihood, resilience and the availability of funds to deal with climate change; heat exposure effect on labour capacity is highest in the low and medium human development index countries, with “potential income losses equivalent to 6.1 % and 3.8% of their gross domestic product (GDP).

For others, it can affect the quality of life. The India Cooling Action Plan, the first of a kind, released by the Indian government, recognises that cooling impacts economic growth and is important for health, well-being and productivity. It states, “The cross sectoral nature of cooling and its use in important development sectors of economy makes provision for cooling an important developmental necessity, which can have bearing on the environment, the economy and the quality of life of the citizens of the country.”

This story is from the May 2024 edition of Outlook Business.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the May 2024 edition of Outlook Business.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM OUTLOOK BUSINESSView All
From Chandni Chowk to Global Recognition
Outlook Business

From Chandni Chowk to Global Recognition

For Manish Aggarwal, director at Bikano, Bikanervala Foods, the family business was not just a responsibility but a passion he took to the global stage

time-read
2 mins  |
January 2025
Spotting AI Scams
Outlook Business

Spotting AI Scams

Al has become an integral part of our lives, from customer service no insurance claims. But it is also becoming a tool for fraudsters who use it to scam individuals and corporations

time-read
6 mins  |
January 2025
Let a Hundred Flowers Bloom
Outlook Business

Let a Hundred Flowers Bloom

On the banks of the Ganges in industrial Kanpur, a start-up has blossomed that turns waste flowers into incense

time-read
3 mins  |
January 2025
BATTERY LOW
Outlook Business

BATTERY LOW

India produces enough green energy to power many of its largest cities yet lacks the storage to use it efficiently. A nation blazing forward must leap ahead in battery technology to stay on course

time-read
6 mins  |
January 2025
We Have Everything Going for Rajasthan
Outlook Business

We Have Everything Going for Rajasthan

Rajyavardhan Singh Rathore, Rajasthan’s industry and commerce minister, tells Pushpita Dey why the state is suited to become a hub for investments.

time-read
3 mins  |
January 2025
Dairy and Other Dilemmas
Outlook Business

Dairy and Other Dilemmas

India’s refusal to open its dairy market has complicated trade negotiations for years. As global partners demand concessions, is the cost of protectionism outweighing benefits?

time-read
7 mins  |
January 2025
Riding in a Maze
Outlook Business

Riding in a Maze

As gig workers ride into an uncertain future with little more than a smartphone and a bike, the government is struggling to arrange a socialsafety net. But millions without social security is recipe for disaster

time-read
7 mins  |
January 2025
BIRLA'S BIGGEST BATTLE
Outlook Business

BIRLA'S BIGGEST BATTLE

As Kumar Mangalam Birla completes 30 years at the helm of the Aditya Birla Group, he has a battle to defend his businesses and conquer new ones

time-read
6 mins  |
January 2025
THE INNOVATION LEAP
Outlook Business

THE INNOVATION LEAP

India dreams of becoming a product nation. But unless the corporate sector significantly increases spending on R&D, the country will continue to lag behind global peers

time-read
4 mins  |
January 2025
EDUCATION BUDGET MUST DOUBLE EVERY 3 YEARS
Outlook Business

EDUCATION BUDGET MUST DOUBLE EVERY 3 YEARS

Veezhinathan Kamakoti, a renowned academic and director of Indian Institute of Technology Madras, tells Deepsekhar Choudhury on what technology sovereignty means for India and how it can propel the country towards its vision of becoming a developed nation by 2047.

time-read
3 mins  |
January 2025