How to transition to an era of smart heat pumps

Oct 13, 2022

Heat pumps have a higher efficiency than other traditional sources by taking heat to and from their surroundings.

Retrofitting residences and commercial buildings with heat pumps will reduce energy consumption and carbon emissions. Image: Image by Freepik

Jonathan Gilmour

Utilities Energy Transition Consultant, Accenture

Our Impact

The Big Picture

Explore and monitor how Climate Change is affecting economies, industries and global issues

A hand holding a looking glass by a lake

Crowdsource Innovation

Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

Climate Change

Listen to the article

Have you read?

smart heat pumps benefits challenges forecast UK

Figure 1 – UK Heat Pump Forecast Image: Jonathan Gilmour and CarbonLaces

Discover

How is the World Economic Forum driving the energy transition?

Cost and Carbon Comparison of technologies smart heat pumps

Figure 2 – Cost and Carbon Comparison of technologies Assumptions: 2022 UK GOV GHG Conversion Factors, £5k Grant for ASHP, 10-year timeframe, Oct 2022 electricity price cap of 34.0 per kWh, Oct 2022 gas price cap of 10.3p per kWh, LPG price of 12.2p per kWh, heating oil price of 10.4 per kWh, Annual heat usage of 12,000 kWh and flexibility reduces annual heat usage by 20%. Image: Jonathan Gilmour and CarbonLaces

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.