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Competitiveness of the heat pump sector in Europe

Competitiveness of the heat pump sector in Europe

24 Jul 2024

Nearly half of the European Union’s (EU) energy consumption is used for heating and cooling. Of this, over 70% is still from fossil fuels, which are mainly imported. Heat pumps are a clean and cost-efficient alternative for heating, cooling, and producing hot water, significantly reducing energy use and emissions compared to traditional heating systems and avoiding energy imports.

Recognised as a key cleantech industry in the European Commission’s Net-Zero Industry Act (NZIA), heat pumps not only contribute to climate and energy targets but also increase Europe’s economic resilience and competitiveness. To unlock their full potential, EU policymakers must prioritise the development of supportive policies and financial frameworks.

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