Zero Carbon Heating Taskforce: UK experts bid to overcome barriers to greener buildings

Taskforce includes members of the Green Finance Institute, the Coalition for the Energy efficiency measures of Buildings, and the Association for Decentralised Energy, among others

A broad-spectrum faction of experts from finance, vigor, construction and national and local government has joined together as part of the Zero Carbon Heating Taskforce, a new attempt launched yesterday to drive the rapid decarbonisation of the UK’s home and structures heating supply.

Heating and hot water in dwellings account for roughly 40 per cent of UK’s energy consumption and around 20 per cent of cases of total greenhouse gas releases, and it is an area therefore widely considered to be one of the toughest challenges in achieving net zero releases by 2050, as it requires the terminated phase out of natural fossil fuel gas to heat homes and businesses.

Aimed at taking meeting the intimidate challenge, hence, the new Taskforce launched today by the Green Finance Institute assembles members of the Coalition for the Energy Efficiency of Buildings( CEEB) to design, open and flake the financing mechanisms needed to enable the rapid adopted in zero-carbon heating technologies.

Comprising representatives from financial services, local and national authority, the vigour and building manufactures, academia and civil society, and experts representing the heating sector, the Taskforce plans to carry out the details of the examine to identify the barriers to investment in low-carbon heating across the UK housing busines, it said. The evaluation will consider what can be done to incentivise dark-green heating, encompassing both on and off gas grid homes, brand-new develops, and district heating networks.

The Taskforce then plans to then draw on the findings of the review to co-design and propel a series of brand-new financial products and non-financial enablers to help channel investment into the sector, it expained.

“To decarbonise the UK’s heating, it needs to be more attractive to invest in low-toned carbon heating, including city-scale heat structures, than in fossil gas boilers and relic gas systems, ” said Charlotte Owen, plan administrator at The Association for Decentralised Energy( ADE ), another key member of the taskforce. “To achieve this, we need to reform the signals to investors and ensure policy incentivises investing in a low cost, low carbon, high-pitched convenience offer to consumers.”

The project builds on the work of the CEEB, which initiated in december 2019 and has since built up compelling evidence in favour of retrofitting buildings to high-pitched energy efficiency guidelines, as well as analysing how a mixture of government intervention and private asset could help overcome the market collapses that have hampered attempts to improve the efficiency of the UK’s accommodate capital. As part of this, the Coalition stitched together a portfolio of 21 ‘demonstrator’ monetary mixtures it said are still potentially commercial, scalable, and capable of mobilising capital flows towards retrofitting UK homes.

“Focusing on the heating and hot water in our dwellings is a natural next step for the Coalition for the Energy Efficiency of Buildings, which is working to create monetary pathways to the widescale adoption of retrofitting across all residential terms, ” said Green Finance Institute CEO Dr Rhian-Mari Thomas.

Read more: businessgreen.com