The problem with subsidising first-adopters of new technologies is that they can substantially benefit rich households. They’re the ones who buy the first EVs, rooftop solar, etc. Lucas Davis at the Haas School of Business presents data that shows that, in the U.S., heat pumps are being bought evenly across the income distribution. This is a surprise, not least to the author! Nationwide, 15% of households have a heat pump as their primary heating … [Read more...]
What is making Denmark a decarbonisation success? Policy, society, geography
Denmark is proving itself to be a decarbonisation leader, happy to turn its back on its history of oil and gas production and heavy reliance on coal. Its ambitious goal of cutting GHG emissions by 70% by 2030 makes it a global policy frontrunner, second only to Finland which aims to be climate neutral by 2035. Thibault Menu references his report for IFRI that asks what makes Denmark special. It has a long tradition of  providing stability and … [Read more...]