Realestate

As much as half of Europe s space heating could be renewable within 20 years, IHS says

Posted on: June 19, 201 6

Sustainable sources might offer nearly half of the energy utilized to heat Europe’s houses by 2040, according to a current research.

Tightening existing regulations could decrease end-user natural gas demand by half within the next 20 to 25 years, and decrease residential co2 emissions by more than 75 percent by 2050, according to a new research from IHS, the leading international source of important information and understanding. This decrease would move Europe closer to accomplishing the European Union 2030 and 2050 climate targets. The heating sector is the focus of enhanced attention from policy makers following the release of the very first European Heating and Cooling Strategy earlier in 2012.

According to the IHS energy multi-client study Beyond the Flame: The Transformation of Europe s Heat Sector, the share of sustainable heat used in the residential sector might reach 49 percent by 2040, which is significant since heating and cooling represent nearly half of European energy consumption and provides a major chance for greenhouse gas reductions, IHS stated. Most of residential energy consumption in Europe is used to heat space and water.

The research evaluates a range of technology alternatives as well as building refurbishment measures based upon their levelized expenses and ease of installation in existing structures to determine the most practical and economical options to reduce energy consumption, enhance energy effectiveness, and increase the share of the eco-friendly heat.

At the current rate of modification in the heat sector, Europe will fall short of the 2030 and 2050 objectives, however more rapid change is possible said Catherine Robinson, senior director at IHS Energy, and one of the authors of the study. Our analysis highly suggests that existing technology can change Europe’s heat sector considerably increasing the share of affordable renewable heat in the next 15 years using existing legislation to present hybrid heater, which integrate a high-efficiency condensing gas boiler with an air-source heat pump.

Roughly 60 percent of the space heat supplied by the heating system is provided by the heat pump, while the staying 40 percent is offered by a high-efficiency condensing gas boiler. Hydrocarbons dominate heat provision in Europe with natural gas providing practically 50 percent of Europe s heat.

There are currently 93 million gas-fired boilers installed in the EU28, according to the IHS research. Furthermore, the IHS report found that the additional expense for the end-user is small as compared to the options. As an example, for a large home in the UK, the preliminary investment is approximately 3,000 more than for a conventional condensing boiler, however owing to the lower fuel bills; the extra expense to the customer over the life of the boiler is less than 70 annually.

For low-density, backwoods, standalone heatpump offer the lowest-cost heat, according to the study. In locations with enough density, district heating was discovered to be the lowest-cost source of sustainable and recovered waste heat; yet, large-scale deployment is likely to take numerous years and might require mandates or legal obligations on families or designers to sign up.

A key advantage of a technology-driven change of the heat sector is that no brand-new European legislation would be required because existing instructions currently supply the structure. IHS thinks that the Ecodesign Directive is the important piece of allowing legislation to achieve these gains. In the residential sector, IHS estimates that this single measure would reduce EU28 CO2 emissions by 50 million metric lots per year and gas consumption by 25 Bcm when totally implemented. This is in addition a previous Ecodesign measure (in place since September 2015) that is anticipated to save 100m metric heaps each year once fully carried out by requiring the setup of high-efficiency boilers throughout the European Union.

Embracing a tighter standard for residential heating and air conditioning could transform the residential heating sector, it would cut by more than half the volume of gas burned in homes and increase the share of renewable to virtually 50 percent by 2040, said Robinson. It would also have far-reaching implications for many stakeholders, like utilities or gas producers.

By minimizing direct gas consumption, a massive roll-out of hybrid systems would undermine volume-based tariffs, the IHS analysis kept in mind. However, it could, in combination with smart-home energy management systems, also assist in the development of the long-promised residential energy services company design, and offer utility business with a path to new revenue streams, as well as offering a path to satisfy future supply commitments IHS stated.

Utilities can support consumers by setting up brand-new heater, specifically hybrid systems, which might be a path to conference future climate objectives, Mann stated. If combined with an energy management agreement, this could be an important and sustainable new source of earnings. This option to volume-based sales designs is a critical point, since it represents an approach to decarburization in which forward-looking company interests and policymaking can interact.