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GREEN HEAT FOR ALL

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GREEN HEAT FOR ALL ( green-heat-for-all )

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Total investment per country At present conditions/Millions euros With CO2 tax/Millions Euros LT SK PT BG 100 EE 100 AT 100 GR 200 LV 300 LU 400 DK 700 IE 1,400 HR 2,200 CZ 3,000 FR 3,200 PL 3,300 SI 3,300 HU 4,700 RO 6,300 BE 7,700 NL 7,900 DE 25,3,00 27 53,457,000 THE OVERALL COST WOULD GO DOWN TO 20BN IF A CO2 TAX OF €100 WAS IN PLACE. N.A. N.A. N.A. N.A. N.A. N.A. FI 00 FI SE 00 SE GB 00 GB ES 00 ES IT 00 IT CY 00 CY MT 00 MT LT SK PT 100 BG 0EE 0AT 100 GR 300 LV 200 LU 0DK 700 IE 1,600 HR 900 CZ 0FR 2,500 PL 2,100 SI 900 HU 4,000 RO 4,300 BE 0NL 1,900 DE 29,840 27 Number of fossil boilers 70,150 EU 27 The introduction of a carbon pricing system would increase savings on bills for those switching to renewable heating, especially if working on some low- taxation dedicated heat pump tariff or combined with local solar thermal or PV production. This would in turn substantially decrease the amount of extra funds needed to overcome the installation costs hurdle, bringing it to as low as 20Bn. In many countries, the need for extra funds would disappear (France, Denmark and Netherlands, among others) while in most countries the difference would be less evident and in Bulgaria there would be no difference in the funds needed. Remarkably, in a scenario of a total replacement of the gas boilers stock in 15 years, the yearly investment to cover the existing subsidy gap would be as low as 1.3Bn. This sum would be fully compatible with the allocation of the proposed Climate Social Fund, part of the Fit For 55 package, whose objective include investments for the decarbonisation of heating and cooling of buildings.

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