New Indian Leadership for Super-Efficient Room Air

Transcript:New Indian Leadership for Super-Efficient Room Air:
New Indian Leadership for Super-Efficient Room Air Conditioning Using Lower GWP Refrigerants Presented by Stephen O. Andersen Institute for Governance & Sustainable Development (IGSD) and Karan Mangotra The Energy and Resources Institute (TERI) Discussants: Suely Carvalho and Marco Gonzalez The Indian Perspective Key Demand Drivers for Room AC India’s GDP is growing at rate of 7.6% in 2016, which is the fastest growing large economy in the world (Standard and Poor’s (S&P), the International Monetary Fund (IMF), and the Asia Development Bank (ADB) have predicted 7.5% to 8.0% growth rate of gross domestic product (GDP) for India for next two years Increase in GDP is leading to an increase in per capita disposable income; this will drive up purchasing power of individuals and their ability to afford Room ACs - leading to an increase in demand Key Demand Drivers for Room AC Around 66% of buildings that will exist in India in 2030 are yet to be constructed (as per BEE reports) – the bulk of the cooling demand would therefore be driven from the room AC segment (predominantly split) with an average of 1.35 TR (4.75 kW) There is an average increase in ambient temperature in India leading to higher demand for more cooling Currently Room ACs account for nearly 60%- 70% of total refrigerant gas market share. This segment, along with chillers will increase to a total share of nearly 80% of total refrigerant gas market by 2040 Energy Efficiency is Imperative Given such a growth in buildings, and demand for appliances for cooling, it is essential that energy efficiency is incorporated as an essential feature of transition to a lower GWP pathway During the life cycle of a product, EE is expected to reap high climate change benefits during the refrigerant transition phase (HFC phasedown period) In 2015, five star rated ACs accounted for 25% of the total AC share with a 57% majority rated as 3 star Of all ACs in 2015, HCFC ACs account for 69% of the total market share and HFC ACs account for nearly the remaining market share If all HCFCs and HFCs will be phased down in India and be replaced with new HFC alternatives by 2030s, the transformation in the AC segment will be huge In addition, if lower-GWP refrigerants are implemented in super-efficient appliances, the total climate benefits will be enormous Breaking News! Super-Efficient Room AC Lowers Ownership Cost,