HPT Magazine no 3/2021: Climate Leap – how investors reach major emission cuts in existing property portfolios

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Climate Leap – how investors reach major emission cuts in existing property portfolios

Read the HPT Magazine no3/2021 here >

The third issue of HPT Magazine 2021 focuses on the theme of “Climate leap – How investors reach major emission cuts in existing property portfolios”. The topical articles of this issue are all addressing the major motivations in investment decisions in combating climate change and speeding the deployment of essential technologies.

World leaders from many countries gathered in November for the COP26 summit to revisit their ambitious 2030 climate pledges; In the HPT news section, you can read a summary of global temperature warming projections based on the impact of COP 26 policies and action, the Release of the IEA World Energy Outlook 2021, and an extract of the key commitments of the UK Heat and Buildings Strategy 2021.

Foreword: Without investments, there will be no change – except climate change, by Jussi Hirvonen
Column: Green Deal – an opportunity to boost the deployment of heat pumps in the building sector - an Italian focus, by Maurizio Pieve and Raniero Trinchieri
HPT News
Ongoing Annexes in HPT TCP
Topical Articles
- Climate leap – How investors are reaching major emissions cuts in existing property portfolios, by Sarianna Sipola
- Heat as a Service proposition: One of the keys to unlocking the residential retrofit market for heat pumps by Lindsay Sugden and Jonni Ahonen
- Heimstaden’s Ambitious Climate Goals: what role do heat pumps play, by Katarina Skalare
- Why risk profiling is key to making large-scale decarbonization financially executable, by Lars Bierlein and Tim Meanock
Events
National Team Contacts

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Read HPT Magazine no3, 2021 >

Topical Article: Climate leap – How investors are reaching major emissions cuts in existing property portfolios

In buildings, the energy consumption arising from electricity and heating is the primary source of carbon dioxide emissions. Improving the energy efficiency of buildings is one of the most viable paths to decreasing this consumption and the associated carbon emissions. The main goal is to reduce the carbon dioxide emissions of its direct real estate investments by switching to fossil-free heating and electricity by 2030 and 2025, respectively.

Topical Article: Heat as a Service propositions: One of the keys to unlocking the residential retrofit market for heat pumps

Two of the major challenges to increasing uptake of heat pumps in existing buildings are the poor customer economics and the lack of end-user trust in the technology. Propositions range from leasing, financing and maintenance contracts to heat as a service and even comfort as a service.
'Heat as a Service' can improve the customer economics by removing or reducing - the upfront cost barrier for a heat pump and giving greater certainty about running costs through a fixed-rate heat cost.

Topical Article: Heimstaden’s Ambitious Climate Goals: what role do heat pumps play

Mobilizing to reduce our emissions in line with the Paris Agreement, energy-efficiency in our homes, and building resilience to climate change are all important in tackling the climate crisis head-on. Accordingly, in the coming years, we will reduce our greenhouse gas emissions in line with the Paris Agreement's ambition level to limit global warming to 1,5 C and have set a budget of SEK 5 billion for the same, which will grow as the company grows. The company has an extensive climate roadmap, with local pathways for all country organizations, on how to reach the bold targets. In January 2021, Heimstaden Bostad was one of the first pan-European residential real estate companies to commit to the Science-Based Targets initiative.

Topical Article: Why risk profiling is key to making large-scale decarbonization financially executable

The phasing out of fossil-fuel-based heating is internationally recognized as fundamental to combatting the climate crisis. The installation of heat pumps in conjunction with ultralow temperature district heating and cooling systems, also known as 5GDHC, offer a way forward. Such projects support the large-scale energy transformation in dense urban areas for both new builds and retrofits. For the peak capacity demand hours, heat pumps connected to the grid can supply buildings with 70 C, making it easier to replace gas.

Market Report: Denmark – Strategic Market Outlook

With the massive political focus on phasing out fossil fuels, heat pumps for residential heating are today a popular form of heating among Danish homeowners, and sales have doubled in the last five years, where heat pumps have displaced mainly oil boilers. The climate goals to reduce CO2 emissions by 50-54% in 2025 and 70% in 2030 compared to the 1990 level, and the fact that the district heating companies aim to phase out biomass by 2040 to achieve the target, means that it is necessary to implement a large proportion of heat pumps in the district heating network and utilize excess heat in a higher proportion than today.

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