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Your Climate Action Diary - 29

Year 2022 • Week 49 • Anushthatri Sharma
Hi,

Hope you have been well ! 

Its the last month of the year. And a good time to start reflecting on all that played out in the climate action this year. Quite a few highs and lows, if you think about it. 

This week, developments from India, USA and Europe. Notice the 'gradual but definite' transition of climate conversations/proposals/studies from all these years - becoming laws ! 

Stay Safe,

Harish,
Team OnePointFive Tribe

Trillion Dollar Opportunity in India's Green Cooling Solutions

A new World Bank analysis showed that use of less carbon-intensive tech in India’s cooling sector opens up an investment potential worth $1.6Trillion. Analyzing the ‘India Cooling Action Plan 2019’, if found that this investment in ‘construction, cold chains & refrigerants’ sectors would also create 3.7M jobs. (India’s Cooling Strategy aims at reducing national cooling demand by 25% by 2037-2038.)

2022 Could Be US’s Biggest Year on Climate Action

The US has had an extraordinary year of progress at the federal, state & local levels. The biggest of these was the $370 billion in new spending on an array of tax credits & incentives designed to encourage the development of renewable energy, electric vehicles, among others. Here is the full list of changes that was introduced into the US markets.

European Commission Approves French Domestic Short-Flight Ban

As part of the country’s Climate Law, France wants to abolish flights between cities that are linked by a train journey of less than 2hr 30 mins. The EU Commission gave the go ahead for France to prevent flights between Paris Orly airport & Nantes, Lyon, and Bordeaux. (New high-speed rail lines are being planned across Europe)

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