New Delhi, June 12 -- Heat pumps can cut India's industrial heating costs by 34% and eliminate 24.4 million tonnes of CO2 annually, if scaled up today, a new study has found. Released on Thursday in Delhi by the International Forum for Environment, Sustainability and Technology (iFOREST), the comprehensive policy report finds heat pumps as commercially viable and climate-aligned solution for ready large-scale deployment. "Heat pumps can potentially reduce heat costs from Rs.3,000 to Rs.1,900 per MWh, and avoid nearly 54 MtCO2 emissions per year by 2040," said Chandra Bhushan, CEO, iFOREST. The study finds full heat pump adoption across India's industrial sector would cut emissions by 67%. Jasjeev gandhiok...