The government is supporting the installation of less than 2% of the heat pumps needed each year to meet the UK’s net zero goal. That’s according to a new report from think tank IPPR, which estimates at least 12 million homes across England alone will need to be fitted with heat pumps and energy efficiency measures, such as insulation, over the next 30 years for the UK to meet the 2050 target. It says heat pumps combined with high energy efficiency standards should be central to a national strategy to revolutionise home heating and radically reduce the UK’s carbon consumption. The report suggests nearly £10.6 billion a year of public and private investment would be needed in England until 2030 and an additional £7 billion a year from 2030 to 2050 to meet the pace and scale of action needed. The scale of investment in a combination of heat pumps and energy efficiency, as well as local heat networks, could create around 275,000 jobs in England alone and potentially lower energy bills for households.
Energy Live News 16th July 2020 read more »