Heat pumps could reduce global carbon dioxide emissions by more than 500 million tonnes by 2030, equivalent to the annual emissions of all cars in Europe, says the International Energy Agency.
The heating of most buildings around the world — such as homes, offices, schools and factories — still depends on fossil fuels, especially natural gas. Heat pumps, which use electricity to transfer heat from a cold place to a warm place, are more energy efficient than furnaces and air conditioners.
In a situation where all governments meet their energy and climate goals, heat pumps will become the main means of decontamination and water heating around the world, says the Paris agency.
Heat pumps will require an additional annual investment of $160 billion until 2030 to meet climate commitments.
“All the components are in place for the heat pump market, which reminds us of the way we have seen in other weather technologies such as PV solar and electric vehicles,” said the director general of the agency Fatih Birol .
“Heat pumps address policy makers’ pressing concerns about energy costs, supply security and the climate crisis.
“Policies are in place today, but they need to be strengthened so that heat pumps can achieve their economic and environmental benefits.”
The heat pump market has been growing rapidly in recent years due to falling costs and strong incentives.
Annual sales of heat pumps in the European Union will increase to seven million in 2030, from two million in 2021, if the governments succeed in hitting their emission reductions. and energy security goals, the agency said.
Heating plants account for one-third of the EU’s gas demand today, and heat pumps could reduce that demand by around seven billion cubic meters (bcm) by 2025, it says. .
This annual gas savings will grow to 21 bcm by 2030 if the EU’s climate targets are met, the agency said.
“Heat pumps are an important part of any plan to cut their emissions and use of natural gas, and a priority in the EU today,” said Mr Birol.
“Technology will be tried and tested, even in cold weather. Policymakers should put their weight behind this technology that shows unprecedented speed at this time.
Global heat pump sales rose nearly 15 percent last year, double the average of the past decade, led by the EU where sales increased by 35 percent.
In 2022, sales will reach “record” levels in response to the global crisis, especially in Europe, where some countries are seeing double sales in the first half of 2022. to the same time last year, the office said.
Heat pumps are less expensive over their lifetime than fossil fuel boilers, due to their higher efficiency. At today’s energy prices, annual energy bill savings for homes that switch to heat pumps can range from $300 in the US to $900 in Europe.
Meanwhile, global heat pump supply and installation will exceed 1.3 million workers by 2030, nearly three times the current amount, increasing the potential for labor shortages. knowledge, especially for participants, the department said.
“But the government’s policy should be supported, to help consumers overcome the higher costs of heat pumps compared to others,” he added, adding that the cost of buying and installing a heat pump will cost two to four times more than a gas boiler.
Financial incentives for heat pumps are available in more than 30 countries, covering 70 percent of heating demand.
Updated: November 30, 2022, 5:51 AM