The vast majority of EU countries need to increase incentives for heat pump installations to make the technology affordable, says the EU Cool Products Coalition.
The EU it needs just € 70 billion in support to make renewable heating energy (heat pumps and solar) affordable for all households, according to a report by the environmental NGO EU Cool Products. By comparison, total EU defense spending amounted to € 186 billion in 2019.
Only 17.3% of European household heaters are powered by electricity or heat pumps. According to the report, one of the main obstacles to their introduction is their high initial installation costs.
For a middle-income family of four, only Austria, Cyprus, Finland, France, Italy, Malta, Portugal and Spain provided sufficient support to ensure that the payback period for heat pumps did not exceed eight years. An increase in total support for renewable heat by € 70 billion would allow all EU households to switch to renewable heating. This subsidy could be reduced to EUR 20 billion if a carbon tax of EUR 100 per tonne were introduced. ban the sale of gas boilers in the EU by For the time being, the European Commission has decided to phase out
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