Carbon Price

ChatGPT & DALL-E generated panoramic image illustrates the metaphorical concept of a heat pump's significant impact compared to building efficiency, depicted through the contrast in size between a large, advanced heat pump and smaller buildings.

For CO2 Reduction From Existing Buildings, Heat Pumps Are Better Than Efficiency

Heat pumps and decarbonization of grids are the clear climate change winners. For building owners, the annual cost savings are greater, sometimes much greater, for efficiency measures.

2035: Clean Grid 90%, Electrify 50%

For those deeply interested in our future energy system and how it will evolve, I highly recommend two in-depth papers published in the last year. Here I will show a similar vision step-by-step using some of the same assumptions and publicly available data using “back of the envelope calculations” (spreadsheets).