Zero Carbon Heating Taskforce launched: A new taskforce has been launched by the Green Finance Institute to help unlock the investment needed for the rapid adoption of zero carbon heating technologies in the UK.
Consisting of a focused group of members The Zero Carbon Heating Taskforce are from the Green Finance Institute’s Coalition for the Energy Efficiency of Buildings (CEEB) from financial services, energy and construction industries, local and national government, academia and civil society, along with experts from the heating sector.
Individuals from The Association for Decentralised Energy (ADE), BEIS, Centrica, E.ON, Enfield Council, Greater London Authority (GLA), Octopus Energy, Vattenfall and the Welsh Government are also included in list of members of the taskforce.
A focused review will be conducted by the Taskforce in order to identify the barriers and enablers to investment into low carbon heating across the UK housing market, including new builds and district heating networks and for on and off gas grid homes.
The findings will be used to leverage the co-design and launch a series of non-financial enablers and new financial products to help channel investment into the sector.
Almost 40% of the UK’s energy consumption and 20% of total greenhouse gas emissions in homes comes from heating and hot water together.
Near-complete decarbonisation of our heating systems is required to meet the UK Government’s 2050 net zero targets.
Chief Executive of the Green Finance Institute, Dr Rhian-Mari Thomas, said: “Focusing on the heating and hot water in our homes is a natural next step for the Coalition for the Energy Efficiency of Buildings, which is working to create financial pathways to the wide-scale adoption of retrofitting across all residential tenures.
“We are delighted to convene this group of experts to move quickly to launch financial products and mechanisms enabling every home to access zero carbon heating.”
Supported by the Treasury, BEIS and the City of London Corporation, The Green Finance Institute is an independent, commercially-focused organisation.
Zero Carbon Heating Taskforce launched