Imperial College London
Portrait Picture

Dr Mark H W Workman

Faculty of Engineering

 
 
 
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Contact

 

mark.workman07 Website

 
 
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Location

 

Centre for Environmental PolicyWeeks BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Daruwala:2022:10.1016/j.erss.2022.102672,
author = {Daruwala, A and Workman, M and Hardy, J},
doi = {10.1016/j.erss.2022.102672},
journal = {Energy Research and Social Science},
pages = {1--12},
title = {Identifying and unlocking the value from heat decarbonisation in the United Kingdom},
url = {http://dx.doi.org/10.1016/j.erss.2022.102672},
volume = {89},
year = {2022}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - Decarbonisation of heat is critical to the UK achieving its net zero emissions target by 2050. With the low rate of asset turn-over in the heat sector, decarbonisation needs to start immediately. However, the risk and uncertainty regarding the most ‘cost optimal pathway’ across the range of technology options and the lack of a holistic UK heat policy is failing to provide a clear directive as to how market actors should address UK heat decarbonisation. This research applies a novel commercial perspective to provide additional insight beyond that which traditional cost optimal tools are able to offer. The value pool approach is used to determine the magnitude of economic opportunities and map their resilience across multiple net zero scenarios in decadal timesteps to 2050. Our work indicates that by 2050 an annual value of £28 billion potentially exists in decarbonising heat in the UK. Realising this value, however, is subject to significant path-dependency. Unlocking the value will require substantial additional policy and regulatory support, business model innovation and unprecedented levels of consumer engagement and protection in the history of the energy sector.
AU  - Daruwala,A
AU  - Workman,M
AU  - Hardy,J
DO  - 10.1016/j.erss.2022.102672
EP  - 12
PY  - 2022///
SN  - 2214-6296
SP  - 1
TI  - Identifying and unlocking the value from heat decarbonisation in the United Kingdom
T2  - Energy Research and Social Science
UR  - http://dx.doi.org/10.1016/j.erss.2022.102672
UR  - https://www.sciencedirect.com/science/article/pii/S2214629622001761?via%3Dihub
UR  - http://hdl.handle.net/10044/1/97461
VL  - 89
ER  -
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