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Study on the Introduction of Heat Pumps and Once-Through Boilers to Support GX in Asia

Editor

Listed:
  • ERIA Asia Zero Emission Center
  • Nomura Research Institute Singapore

Author

Listed:
  • ERIA Asia Zero Emission Center
  • Nomura Research Institute Singapore

Abstract

Rapid economic growth in Asia – particularly in Viet Nam, Thailand, and India – has driven higher energy demand and carbon emissions, underscoring the need for sustainable energy solutions. Heat pumps and once-through boilers are efficient technologies with significant potential to reduce energy use and carbon emissions in industrial sectors. Despite their benefits, adoption is limited due to high upfront costs, lack of awareness, technical challenges, and insufficient policy support. To overcome these barriers, the report recommends five strategies: financial schemes like leasing options, awareness campaigns, technical training, policy support to create standards, and increased collaboration amongst stakeholders. We believe that by integrating these technologies into national and regional energy strategies, these countries can advance towards carbon neutrality, reduce their environmental impact, and set a global example for sustainable development.

Suggested Citation

  • ERIA Asia Zero Emission Center & Nomura Research Institute Singapore, 2024. "Study on the Introduction of Heat Pumps and Once-Through Boilers to Support GX in Asia," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2024-RPR-29 edited by ERIA Asia Zero Emission Center & Nomura Research Institute Singapore, December.
    • Handle: RePEc:era:eriabk:2024-rpr-29
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