<
https://www.bloomberg.com/news/articles/2023-10-23/the-eu-can-speed-up-its-heat-pump-rollout-with-one-clear-cut-fix>
"Moving half of the funds spent on subsidies for fossil fuel heating to heat
pumps could transition all European home heating to renewable methods by 2040,
a new analysis suggests.
Heat pumps are cheaper to run than fossil fuel boilers in almost all EU
countries, according to a report from the European Environmental Bureau, an
international network of environmental organizations. But in many places, the
upfront costs make them unaffordable for middle-income households. Gas, coal
and oil heating, meanwhile, are still subsidized by many European countries.
Some €3.2 billion ($3.4 billion) was spent by EU countries on funds for
domestic fossil fuel heating in 2022, a previous EEB analysis found. Investing
in heat pump subsidies that allow all European households to recover the
upfront costs within seven years would cost €21.3 billion over 15 years — €1.4
billion on an annualized basis. That falls to €14 billion over 15 years if a
carbon tax of €100 per tonne of carbon is introduced, the EEB estimates."
Via
What Could Go Right? October 26, 2023:
https://theprogressnetwork.org/brazil-amazon-deforestation-slowing/
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
