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image GEOTHERMAL POWER STATION, NORTH ISLAND, NEW ZEALAND. image WIND FARM LOOKING OVER THE OCEAN AT CAPE JERVIS, SOUTH AUSTRALIA. oecd asia oceania: future investments in the heat sector Also in the heat sector the Energy [R]evolution scenario would require a major revision of current investment strategies in heating technologies. Especially the not yet so common solar and geothermal and heat pump technologies need enourmous increase in installations, if these potentials are to be tapped for the heat sector. Installed capacity for need to increase by the factor of 20 for solar thermal and even by the factor of 120 for geothermal and heat pumps. Capacity of biomass technologies, which are already rather wide spread still need to increase by the factor of 5 and will remain a main pillar of heat supply. Renewable heating technologies are extremely variable, from low tech biomass stoves and unglazed solar collectors to very sophisticated enhanced geothermal systems and solar thermal district heating plants with seasonal storage.Thus it can only roughly be calculated, that the Energy [R]evolution scenario in total requires around $ 1,563 billion to be invested in renewable heating technologies until 2050 (including investments for replacement after the economic lifetime of the plants) - approximately $ 39 billion per year. table 5.63: oecd asia oceania: renewable heat generation capacities under the reference scenario and the energy [r]evolution scenario IN GW REF 2011 - 2050 Total 114 billion $ 38% SOLAR 54% BIOMASS 0% GEOTHERMAL 8% HEAT PUMPS E[R] 2011 - 2050 Total 1,563 billion $ 15% GEOTHERMAL 38% SOLAR 17% BIOMASS 30% HEAT PUMPS Geothermal Solar thermal Heat pumps Total REF 0 0 0 E[R] 0 7 44 REF 23 18 30 E[R] 23 100 257 REF 4 4 4 E[R] 4 45 105 REF 74 75 96 E[R] 74 274 606 2009 2020 2030 46 53 62 2040 2050 5 70 75 218 209 0 0 65 82 38 43 358 421 5 5 145 163 112 123 786 875 Biomass REF E[R] 46 121 201 figure 5.143: asia oceania: development of investments for renewable heat generation technologies under two scenarios 183 © J. GOUGH/DREAMSTIME © B. GOODE/DREAMSTIME key results | OECD ASIA OCEANIA - INVESTMENTPDF Image | SUSTAINABLE WORLD ENERGY OUTLOOK
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