Mission possible: funding the renewable heat transition

4 July, 11:00 – 12:00 CEST

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All citizens deserve cleaner, greener, and cheaper heating, and the good news is: we can afford it.

According to the latest study from European Environmental Bureau’s Coolproducts campaign, up to a million more households could have been fitted with heat pumps had the EU and Member States spent on renewables the equivalent of the amount paid to fossil heating subsidies in recent years. The study, conducted by Trinomics, underlines the gap in political will between Europe’s renewable vision and the current reality by focusing on data in the 15 European countries that still provide some subsidies to fossil-fueled domestic heating systems.

With 75% of European homes still relying on outdated fossil heating technologies, EU and national lawmakers are currently at an important policy crossroad: will we finally invest in the future and achieve the REPowerEU heat pump targets, or will we commit to bailing out expensive systems?

On 4 July, together with Davide Sabbadin, Deputy Policy Manager for Climate at the EEB, we will dive deeper into the latest findings on fossil heating subsidies and what needs to be done to transition to renewables.

The session will end with a Q&A on the study and the implications for the ongoing policymaking process of the Energy Performance of Buildings Directive and the Ecodesign of Space and Water Heaters