At its current pace, the nationwide rollout of heat pumps won’t be completed before 2187, nearly 150 years too late, the Onward report said.
The UK is lagging behind other countries in developing green technologies to achieve net-zero carbon emissions by 2050, a conservative think-tank warns.
Onward warned that if the rollout of heat pumps that warm homes continues its current path, a national rollout won’t be completed before 2187, almost a century and a half too late.
Ahead of the government’s release of the government’s net-zero strategy next week, the think tank said the UK’s carbon-intensive sectors like transport and construction are not investing enough in green innovation as Germany moves forward on environmental patents.
China now produces 73 percent of the batteries of electric vehicles and 80 percent of the solar modules worldwide, according to the report.
In order to achieve official goals such as the introduction of 600,000 heat pumps by 2028 and the sale of all new cars with electric or hybrid drives by 2030, there must be a “sudden change” in the level of production and demand, according to Onward.
Ministers should consider a number of measures, including increasing VAT on high-carbon products and lowering it on low-carbon items, to encourage consumers and businesses to switch to more sustainable options.
A new National Energy Laboratory should be established to conduct high-risk, net-zero research modeled on similar institutes in the United States and Germany.
Heat pumps should also be made more affordable by deducting some of their costs from tax, and a boiler scrap program that allows people to swap their old boilers should be reintroduced, the report said.
Former Tory Cabinet Secretary Dame Caroline Spelman said: “Industries and regions are moving towards net zero at different speeds; The key differentiator to a more sustainable economy will be a clear focus on accelerating innovation in net-zero solutions. “