EXECUTIVE SUMMARY: CREATING A HEAT PUMP MASS MARKET IN THE UK UNLOCKING ACCESS TO AFFORDABLE CLEAN

Presented here are a range of policy levers which can tackle the hurdles to heat decarbonisation, bring down the cost of heat pumps, and unlock access to affordable clean heat for all. [...] Policy makers should look to: 1 This is a summary of a report of the same name, available from E3G, April 2024, Creating a heat pump mass market in the UK 1 C R E A T I N G A H E A T P U M P MA S S M A R K E T ➢ Consider near-term options to lower. [...] Mobilising public and private finance Whether a household purchases a heat pump outright or chooses a business model which spreads the costs over time, both private and public finance are key to unlocking the investment needed in the UK’s heating systems. [...] 2 C R E A T I N G A H E A T P U M P MA S S M A R K E T ➢ Revisit the Consumer Credit Act to address barriers to green lending and reduce risk for lenders in supporting the uptake of heat pumps. [...] We work on the frontier of the climate landscape, tackling the barriers and advancing the solutions to a safe climate.