Ingersoll Rand Partners with TERI for World Sustainable Development Summit 2016
Posted by: Clara Fernandes at 10/05/2016 02:21:00 am
New Delhi, October 5, 2016 – Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, joined leaders from ar, shares ound the world at the TERI Annual World Sustainable Development Summit (WSDS), October 5- 8, in New Delhi. Ingersoll Rand was an associate partner of the Business Day at TERI WSDS, and led the Thematic Track “Corporate Dialogue: Transitioning to More Efficient HVAC Systems with Low GWP Refrigerants.”
Randal Newton, vice president of engineering operations for Ingersoll Rand, joined experts from environment, energy and sustainability services on the panel, to share views on energy efficiency as a key element in the global collaboration to preserve the ozone layer, and mitigate climate change.
At the Summit’s inaugural Session, Randal Newton, Vice President, Engineering Operations of Ingersoll Rand said, “Technology breakthroughs in refrigerants and better control and maintenance of systems are providing the foundation for a significant reduction in lifecycle emissions in buildings and in transport refrigeration. Ingersoll Rand supports the HFC amendment to the Montreal Protocol in 2016 as one of the key initiatives to reduce the greenhouse effect on our environment.”
“With India formally joining the Paris Agreement, we are confident that the search for solutions would continue further with more R&D activities and industry-led innovations in search for low-GWP HFC alternatives,” he added.
The panel also explored how the Montreal Protocol can provide funding support for transitions offering greater efficiency and next generation, low global warming potential (GWP) solutions for room air conditioning systems.
Speakers and Lead Discussants included Mr. R. R. Rashmi, Special Secretary, Ministry of Environment and Forests; Mr. Saurabh Kumar, managing director, Energy Efficiency Services Limited; Mr. Marco Gonzalez, former Executive Secretary, Montreal Protocol; Dr. Stephen Anderson, director – research, Institute for Governance & Sustainability (IGSD); Mr. Saurabh Diddi, energy economist, bureau of energy efficiency, Ms. Anjali Jaiswal, senior attorney and director, India Initiative, NRDC and Mr. Bhaskar Deol, Consultant, NRDC.
Dr Ajay Matur, Director General, The Energy and Resource Institute (TERI) shared, “The increasing use of air conditioning systems is exponentially driving up the demand for energy. While this may be contributing to the quality of life, it has also produced direct emissions of refrigerants that have a very high Global Warming Potential (GWP). There is, therefore, an emergent need to move towards energy-efficient air conditioners with low GWP refrigerants and climate-friendly designs. This discussion at World Sustainable Development Summit on the need to create such a transition is a key step that will aid the adoption of a variety of new measures that engage meaningfully with policy makers, manufacturers and consumers at large. At TERI we will continue to collaborate with the government on this very important environmental challenge of our times.”
Ingersoll Rand Climate Commitment
In 2014, Ingersoll Rand announced its Climate Commitment to reduce greenhouse gas (GHG) emissions from its products and operations by 2030. The Ingersoll Rand Climate Commitment pledges to:
· Cut the refrigerant GHG footprint of its products by 50 percent by 2020 and incorporate lower-global warming potential alternatives across its portfolio by 2030;
· Invest $500 million in product-related research and development by 2020 to fund the long-term reduction of GHG emissions; and
· Reduce company operations-related GHG emissions by 35 percent by 2020.
To date, the company’s Climate Commitment has supported the avoidance of approximately 2 million metric tons of CO2e globally, which is the equivalent of avoiding annual CO2 emissions from energy used in more than 270,000 homes or more than 2.1 billion pounds of coal burned. By 2030, the company expects to reduce its carbon footprint by 50 million metric tons.
About Randal Newton
Randal Newton is the vice president of Enterprise Engineering at Ingersoll Rand. In this role, Newton is responsible for leading refrigerant technology strategy for Ingersoll Rand and managing four Ingersoll Rand Engineering and Technology Centers globally, including centers in Bangalore and Chennai, India, Shanghai, China and Prague, Czech Republic. Newton has more than 30 years of experience with increasing responsibility in the heating, ventilation, and air conditioning (HVAC) industry. Previously Newton was the vice president of global engineering for the Trane and Thermo King, brands of Ingersoll Rand, where he was responsible for developing new technologies, products and applications. He has more than 30 years of experience with Trane, including leadership positions in operations, quality, product management, product planning and engineering. Newton has a bachelor’s degree in mechanical engineering for the University of Wisconsin – Madison and a master’s degree in business administration from the University of Wisconsin – La Crosse. He is a longtime member of ASHRAE.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands—including Club Car®, Ingersoll Rand®, Thermo King® and Trane®—work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. Ingersoll Rand products range from complete compressed air systems, tools and pumps to material and fluid handling systems. The diverse and innovative products, services and solutions enhance our customers' energy efficiency, productivity and operations. We are a global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com or www.ingersollrandproducts.com.
About Ingersoll Rand in India
Ingersoll Rand is committed to India and is implementing strategies for product innovation and design for Industrial Technologies; Food Safety; Energy Efficiency and Sustainability. The company is based out of 21 locations in the country. Ingersoll Rand believes that Innovation for emerging economies is critical for products to succeed in these markets. The company has two world class manufacturing facilities at Naroda and Sahibabad; and Engineering and Technology Centers at Bangalore and Chennai. Ingersoll–Rand (India) Limited is listed on the National Stock Exchange of India and the Bombay Stock Exchange. For more information, visit www.ingersollrand.co.in.
The Energy and Resources Institute (TERI) is a leading think tank dedicated to conducting research for sustainable development of India and the Global South. TERI was established in 1974 as an information centre on energy issues. However, over the following decades, it made a mark as a research institute, whose policy and technology solutions transformed people’s lives and the environment. TERI’s key focus lies in promoting clean energy, water management, pollution management, sustainable agriculture and climate resilience.