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INDIA'S COMMITMENT
To The Paris Agreement And Net Zero 2050
India has committed to reducing its greenhouse gas (GHG) emissions intensity by 33-35% by 2030 compared to 2005 levels, with a broader goal of achieving Net Zero emissions by 2070 under the Paris Agreement. A significant focus of India’s climate strategy involves improving energy efficiency across its government and commercial buildings, which are major contributors to the nation’s energy consumption and carbon emissions.
Despite these commitments, India faces challenges such as outdated infrastructure, rapid urbanization, and financial constraints that limit the adoption of energy-efficient technologies. ESCO Financial helps India overcome these challenges through its Energy Efficiency-as-a-Service (EEaaS) model, which provides the capital necessary to upgrade critical energy systems. This includes modernizing HVAC units, boilers, chillers, smart controls, motors, compressors, air handling units, and lighting systems, leading to substantial reductions in energy consumption and GHG emissions.
The International Performance Measurement and Verification Protocol (IPMVP) is essential in ensuring that India’s energy efficiency measures result in measurable carbon reductions. By applying IPMVP, India can demonstrate the effectiveness of its initiatives, supporting its Paris Agreement commitments and attracting further international investment.
India also faces significant challenges in managing waste, particularly in reducing methane emissions from landfills. ESCO Financial’s Waste-to-Energy-as-a-Service (WtEaaS) model offers a sustainable solution by converting waste into energy, reducing landfill reliance, and aligning with India’s Paris Agreement goals. This approach accelerates India’s progress toward achieving Net Zero by 2070, contributing to both environmental sustainability and energy generation.
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