A range of innovative new policies and financial products are to be debuted over the next year in a bid to make it easier for households and businesses to deploy zero emission heating systems. That is the headline commitment from a new report from the Green Finance Institute (GFI) and the Coalition for the Energy Efficiency of Buildings (CEEB), which explored the barriers to investment in green heating systems which are currently hampering efforts to slash emissions from the UK’s notoriously inefficient building stock. Titled Financing zero carbon heat: turning up the dial on investment, the report provides an update on the GFI’s work with CEEB, which it established in 2019 alongside think tank E3G, bringing together over 200 individuals and organisations working to improve building energy efficiency. Following the formation earlier this autumn of a Zero Carbon Heating Taskforce earlier this autumn, the report explores the various barriers to investment in green heating systems, such as relatively high capital costs, skills shortages, the wide range of different housing types in the UK, and the split incentives that can mean those investing in new heating systems do not necessarily enjoy the financial benefits that result. As such, it proposes a portfolio of 12 financial solutions and policy, regulatory, and data enablers that could help overcome barriers to investment and accelerate the deployment of zero emission heating systems.
Business Green 9th Dec 2020 read more »