Impact of Net Zero and Decarbonization on India's HVAC Industry

This document is a technical report that outlines the impact of net zero and decarbonization efforts on India's HVAC industry. It discusses the critical role of micro, small, and medium enterprises (MSMEs) in India's decarbonization journey, particularly in light of their significant contribution to greenhouse gas emissions. The report presents India's commitments to climate action, including Prime Minister Modi's five-part nectar pledge aimed at achieving substantial renewable energy targets by 2030 and net zero emissions by 2070. It details Carrier's Environmental, Social & Governance (ESG) goals, which include significant investments in sustainable building solutions and greenhouse gas emission reductions. The report also highlights the challenges faced by MSMEs in adopting climate action, including resource constraints and funding issues. Furthermore, it discusses various technological advancements and strategies that can aid MSMEs in transitioning towards more sustainable practices in the HVAC sector, emphasizing the importance of education and adaptation to changing regulations and market trends.