‘India could soon experience extreme heat waves that break human survivability limit’

News Network
December 7, 2022

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Thiruvananthapuram, Dec 7: Severe heat waves, responsible for thousands of deaths across India over the last few decades, are increasing with alarming frequency and soon the country could become one of the first places in the world to experience heat waves that break the human survivability limit, according to a new report. The World Bank report titled "Climate Investment Opportunities in India's Cooling Sector" said the country is experiencing higher temperatures that arrive earlier and stay far longer.

"In April 2022, India was plunged into the grip of a punishing early spring heat wave that brought the country to a standstill, with temperatures in the capital, New Delhi, topping 46 degrees Celsius (oC) (114 degrees Fahrenheit). The month of March, which witnessed extraordinary spikes in temperatures, was the hottest ever recorded", it said. The report will be released during the two-day "India Climate and Development Partners' Meet" being organised by World Bank in partnership with the Kerala government.

Predicting that heat waves situation in India could break the human survivability limit, it said the recent heat wave supports what many climate scientists have long cautioned about with reference to rising temperatures across South Asia. "In August 2021, the Sixth Assessment Report of the Inter-governmental Panel on Climate Change (IPCC) warned that the Indian subcontinent would suffer more frequent and intense heat waves over the coming decade.

"The G20 Climate Risk Atlas also warned in 2021 that heat waves across India were likely to last 25 times longer by 2036-65 if carbon emissions remain high, as in the IPCC's worst-case emission scenario," the report said. It also warned that rising heat across India can jeopardize economic productivity. "Up to 75 per cent of India's workforce, or 380 million people, depend on heat-exposed labor, at times working in potentially life-threatening temperatures. ...By 2030, India may account for 34 million of the projected 80 million global job losses from heat stress associated productivity decline", the report said.

It further said India showed the largest heat exposure impacts on heavy labor among South Asian countries, with more than 101 billion hours lost a year. Analysis by global management consulting firm, McKinsey & Company shows that lost labor from rising heat and humidity could put up to 4.5 per cent of India's GDP –approximately $150-250 billion – at risk by the end of this decade. It said India's long-term food security and public health security will depend on a reliable cold chain network. Transporting food and pharmaceutical goods across India requires a system of cold chain refrigeration that works every step of the way.

"A single temperature lapse in the journey can break the cold chain, spoiling fresh produce and weakening the potency of vaccines. With only 4 per cent of fresh produce in India covered by cold chain facilities, annual estimated food losses total $13 billion", it said. It also noted that the third largest producer of pharmaceuticals in the world, pre-Covid-19, India lost approximately 20 per cent of temperature-sensitive medical products and 25 per cent of vaccines due to broken cold chains, leading to losses of $313 million a year.

"As temperatures rise across India, so will the demand for cooling. However, in a country where two-thirds of the population live on less than $2 a day, and where the average cost of an air-conditioning unit can vary between $260 and $500, air-cooling systems are a luxury available only to a few." According to analysis presented in the India Cooling Action Plan (ICAP), only eight per cent of Indian households own air-conditioning units.

"Indoor and electric fans can help to maintain thermal comfort, but these too are expensive to buy and inefficient. As a result, many poor and marginalized communities across India are more vulnerable to extreme heat, living in inadequately ventilated, hot and crowded homes without proper access to cooling", the report warned. Staying cool during extreme heat is about more than just comfort – it can constitute the precarious line between life and death, it added. 
 

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News Network
November 21,2024

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Hamas says the Israeli regime’s sole objective lies in “erasing” the entirety of the Palestinian population from across the Palestinian territories.

Khalil al-Hayya, a ranking official with the Gaza Strip-based Palestinian resistance movement, made the remarks to the Palestinian al-Aqsa TV on Wednesday.

“The occupation targets everyone—it strikes hospitals, civil defense, women, children, and the elderly,” he said, adding that the regime sought to “empty Gaza of its residents, and displace the Palestinian people to fulfill its dreams of building a Zionist Jewish state across all of Palestine.”

The remarks came amid the regime’s October 2023-present war of genocide on the coastal sliver that has so far claimed the lives of nearly 44,000 Palestinians, mostly women and children.

“This unprecedented aggression in modern times evokes scenes from the dark ages of human history, having crossed all red lines and exceeded every expectation of brutality in the modern era,” the Palestinian official lamented.

He also regretted that the regime had added “systematic and dangerous starvation to its aggression, falsely claiming before the world that it allows 250 [aid] trucks into Gaza daily. In reality, the number of trucks is far fewer.”

Hayya, meanwhile, regretted that “scenes of children torn apart, women screaming over their children, and heart-wrenching destruction have failed to stir enough humanity to stop these crimes.”

He decried the United States for vetoing the United Nations Security Council’s resolutions that are aimed at bringing about a potential ceasefire in the war, saying this indicated Washington’s “partnership in the aggression” and a simultaneous siege that the Israeli regime has been enforcing on Gaza.

Addressing Israeli Prime Minister Benjamin Netanyahu, the official asserted that, despite what the Israeli official is after, Hamas would not hand over the regime’s captives “without [the regime’s] stopping the war.”

He called Netanyahu “the main obstacle” in the way of cessation of the aggression, saying the Israeli premier “blocks any progress for political reasons,” and citing his preventing conclusion of a ceasefire agreement in July.

Hayya also warned that the regime sought to expand the war beyond Gaza, but asserted that its goals are “impossible and will never happen.”

“Today, the enemy exposes its true intentions of extermination and displacement, but it will fail,” he stressed.

“The Palestinian people are resilient and will not surrender, as they believe in their humanitarian and political cause. The enemy and its allies will not succeed in achieving their goals. This steadfast people will endure, and the occupation will not prevail against them.”

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 19,2024

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