4min chapter

Columbia Energy Exchange cover image

Inside the 2024 World Energy Outlook

Columbia Energy Exchange

CHAPTER

Heat Pumps and Electricity Demand

This chapter examines the challenges and opportunities surrounding heat electrification, focusing on the decline in heat pump adoption post gas price spikes in Europe. It assesses the economic advantages of heat pumps over gas boilers, the implications for electricity consumption, and the need for improved infrastructure and AI integration to support energy security.

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