{"id":9365,"date":"2024-01-30T10:28:20","date_gmt":"2024-01-30T08:28:20","guid":{"rendered":"https:\/\/www.ehpa.org\/?p=9365"},"modified":"2024-05-17T14:20:52","modified_gmt":"2024-05-17T12:20:52","slug":"61-ceos-warn-e7-billion-at-risk-if-eu-heat-pump-action-plan-delayed","status":"publish","type":"post","link":"https:\/\/ehpa.org\/news-and-resources\/press-releases\/61-ceos-warn-e7-billion-at-risk-if-eu-heat-pump-action-plan-delayed\/","title":{"rendered":"60+ CEOs warn \u20ac7 billion at risk if EU heat pump action plan delayed"},"content":{"rendered":"\n

Today over 60 heat pump industry chiefs warned that delaying the EU Heat Pump Action Plan jeopardises a key net-zero European industry.

It puts at risk the \u20ac7 billion of investments<\/a> the sector is planning in Europe for 2022-2025, the industry leaders say in a joint letter to EU Commission president von der Leyen. This would affect jobs in the sector; there are over 160,000 already today in Europe, and huge growth possibilities.<\/p>\n\n\n\n

The heat pump sector was recognised by the Commission as critical for Europe\u2019s energy independence under REPowerEU and the Green Deal industrial plan. The EU Heat Pump Action Plan<\/a>, which was scheduled to appear<\/a> in early 2024, could have brought the support measures to ensure the sector fulfils its potential.<\/p>\n\n\n\n

Yet the latest figures show heat pump sales dropping<\/a> at the end of 2023. This is due to policy changes that have shaken consumer and manufacturer confidence, alongside falling gas prices, which make heat pumps less financially attractive.<\/p>\n\n\n\n

In the US, Asia and other regions, governments are ramping up their support for heat pump technologies. The EU\u2019s Action Plan should be published without delay to ensure a clear policy direction, and encourage measures towards greater affordability. This will strengthen consumer, decision-maker and industry confidence in heat pumps and so allow the investments already made to be maximised and multiplied.<\/p>\n\n\n\n

Martin Fors\u00e9n, president of the European Heat Pump Association<\/strong> said:<\/p>\n\n\n\n

\u201cEuropeans will reap the benefits of a strong heat pump market, from industrial leadership and jobs, to decarbonisation and protection from volatile gas prices. The European Commission\u2019s decision to slam on the brakes on its Action Plan – just as other world regions accelerate their support – is the exact opposite of what\u2019s needed. Today industry leaders call for swift publication of the Plan, to put Europe on track for energy independence and net-zero competitiveness.\u201d<\/p>\n\n\n\n

Today\u2019s letter to the European Commission follows that of last week<\/a>, signed by 19 organisations and NGOs, calling for the Heat Pump Action Plan to be quickly published.<\/p>\n\n\n\n

UPDATE: <\/strong>15 Member <\/strong>States call for publication of Heat Pump Action Plan<\/a> (14 May 2024)<\/p>\n\n\n\n