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Cheaper Electricity Key to Climate Adaptation
18 Nov
Summary
- Lower electricity costs are crucial for adapting to climate change.
- High energy prices could hinder heat pump adoption.
- Global warming may reach 2-3C without increased climate ambition.
Reducing electricity costs is identified as a critical component of climate change adaptation, according to Richard Millar, head of adaptation at the Climate Change Committee (CCC). He emphasized to Holyrood's Net Zero, Energy and Transport Committee that cheaper energy is fundamental to the ongoing transition, a point detailed in the CCC's advice to the UK Government.
Concerns were raised about the feasibility of widespread heat pump installation when electricity prices remain high, potentially exceeding gas costs. This issue could act as a significant barrier to climate adaptation efforts, as consumers face substantial upfront costs for heat pumps and subsequent increases in energy bills. Millar stressed that electrifying systems must occur concurrently with efforts to reduce electricity prices.
Globally, increased action is needed to curb emission rises and adapt to climate change consequences. Without significant boosts in ambition, the planet could experience 2-3 degrees Celsius of warming by the end of the century. The CCC, an independent body, advises governments on emissions reduction and adaptation strategies.
