Climate Change

How to transition to an era of smart heat pumps

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

Madhuban Kumar
Chief Executive Officer, CarbonLaces
Jonathan Gilmour
Utilities Energy Transition Consultant, Accenture
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smart heat pumps benefits challenges forecast UK
Figure 1 – UK Heat Pump Forecast Image: Jonathan Gilmour and CarbonLaces

How is the World Economic Forum facilitating the transition to clean energy?

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
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Climate ChangeEnergy TransitionFuture of the Environment
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