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PRINZ Seminar

Heat Pumps in The Wild: Evidence from Installations across the UK

Florian Munch (LSE POID and CEP)


Tuesday 16 April 2024 11:00 - 12:00

This event is both online and in person

SAL 2.04, 2nd Floor Conference Room, Sir Arthur Lewis Building, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH

About this event

Heating buildings contributes about 20 per cent of global CO2 emissions. Decarbonizing heating requires substituting fossil fuel-based with renewable technologies. This technological change promises environmental benefits but comes with financial costs and (perceived) uncertainty about the technology's performance. We examine the effect of adopting heat pumps on electricity and gas consumption in a staggered difference-in-difference design, exploring the timing and variation of heat pump adoption within postcode areas in the United Kingdom. We find heat pump adoption reduces gas consumption and increases electricity consumption, resulting in a net reduction of energy consumption. We further analyse the role of installers, contemporaneous technology amortization costs, and optimal subsidy size with and without accounting for CO2 savings and a carbon price.


Participants are expected to adhere to the Events Code of Conduct.


This event will take place in SAL 2.04, 2nd Floor Conference Room, Sir Arthur Lewis Building, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH.

The building is labelled SAL on the map. Enter the building via Lincoln's Inn Fields.

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