Hi there, hope you are having a relaxing Sunday. This week we cover top 5 jobs of the week, impact of heat and its solutions on the environment, the aviation setback and the upcoming upskilling cohort.
Job Board
Content Editor
Upgrad, Apply here
Copywriter-Instagram
Josh Talks, Apply here
Programme Associate (Econometrics)
Council on Energy, Environment and Water (CEEW), Apply here
Senior Manager- Public Policy, India and South Asia
Uber, Apply here
Communication and Development Coordinator
Carnegie Endowment, Apply here
A billion ACs to add
Heat in India, Indonesia, Philippines and many other countries is becoming brutal. The impact has led to an increase in cases of heat strokes, hospital admits, and closure of schools, in some areas.
Heat stress not just impacts health, but has economic consequences as well. Especially for informal industries with long working hours and prolonged exposure to the heat. This not just affects the loss of working hours but also productivity and in long term hampers the economic growth of the industries.
The solution for booming heat is accessible but as every action comes with consequences, so does this. Air conditioners are a quick and an affordable solution to this challenge, with the soaring incomes and temperatures in the populous nations.
As per Bloomberg estimate, the world will add 1 billion ACs before the end of the decade.The market is projected to double by 2040.
The Consequence: The addition is good for public health and economic productivity, but bad for the environment. The usage of air conditioners would ‘cook the planet’ , says a World Bank expert, if the efficiency standards of ACs are not improved or reformed.
Economics behind the AC boom
A spike in sales is noted when annual household income nears $10,000. The Philippines crossed this threshold last year. India this year would see an increase to $9,000 for the first time, where 80% of the population does not have access to air conditioning.
The purchase of ACs is a pivot for many Indian households from poverty. It is symbolic, a health relief and enhances the quality of life.
Aviation setback
In the first week of May, Go Air filed for voluntary insolvency. This turn of events can have a ripple effect for the domestic aviation industry in India. In a plea, the airline made a note that its woes have soared not due to financial mismanagement but due to engine issues.
The cancellation of flights, commitment for refunds and agitated consumers have been 3 key variables for the airline in the past few weeks.
The airline blamed US engine manufacturer Pratt and Whitney for grounding flights due to engine failures. The unavailability of spare parts and delay in supply of retrofitted engines , made half of the fleet unavailable and increased incidences of cancellation of flights. This led to cash flow issues for the company.
Mark Martin, founder and CEO of aviation consultancy firm Martin Consulting, says this is the first time an India-based airline is collapsing due to a component supply issue.
Demystifying Writing 3.0
We are all set for the third cohort of Demystifying Writing with our amazing set of experts, experiences and engagements on 10-11 June 2023 and 17-18 June 2023.