Congrats , Prof Bivas Saha ( JNCASR )

 Context :

JNCASR researchers develop radiative cooling paint to cool building structures     09 Nov 2023  /  Hindu
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Dear Paint Manufacturers :

From the above , it is obvious that there is a huge potential for all of you to approach Prof. Bivas Saha for transferring this technology to you

You may want to approach Shri Hardeep Singh Puriji ( Minister for Housing ) , to persuade concerned authority to immediately announce a PLI ( Production Linked Incentive )  Scheme for this revolutionary white paint

I have no doubt that Shri Puriji will help with change in BUILDING CONSTRUCTION CODE to make it mandatory for the building construction industry to use this white paint on the roof / terrace of all New buildings coming up

That CODE could also issue an ADVISORY for use of this paint on the exterior walls of all buildings

Last – but not the least ( I would say , foremost ) :

Approach Bureau of Energy Efficiency ( BEE ) , to compute the electric energy that can be saved by each litre of this paint ( taking into account the amount of square meters of walls  that can be painted with one litre – and corresponding reduction in the amount of air conditioning ) – and decide on the NUMBER of CARBON CREDITS that a paint manufacturer will earn for the volume of this paint manufactured by it , each year

I have a feeling that the money that each one of you will earn by selling these CARBON CREDITS on our National Carbon Trading Exchange, will be more than the money that you will earn by sale of paint !
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Upon questioning BARD provided following very interesting information :

Annual AC consumption

As of 2022, electricity consumption for space cooling (including ACs, fans, coolers) in India is estimated to be around 180-200 Terawatt-hours (TWh), constituting roughly 10% of the total electricity demand.

Growth

The International Energy Agency (IEA) predicts that India's electricity demand for ACs could increase nine fold by 2050, exceeding the total power consumption of Africa today.

Carbon Emissions

CO2 emissions

With India's grid emission factor of around 0.82 kg CO2e per kWh, AC electricity consumption translates to approximately 144-164 million tonnes of CO2 emissions annually.

Climate impact

This significant emission contributes to climate change and associated challenges like heat stress and extreme weather events.

Carbon Credit Potential

10% reduction

If India reduces its AC electricity consumption by 10%, it could save around 18-20 TWh of electricity and 14-16 million tonnes of CO2 emissions annually.

Carbon credits

These saved emissions could be converted into carbon credits, tradable instruments representing one tonne of CO2 equivalent. Assuming a conservative carbon credit price of $10 per tonne, India could potentially earn $140-$160 million annually from a 10% reduction in AC consumption.