Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 28 , 10 November 2023


Open Access | Article

Externalities Analysis on Heat Pump System (EU)

Xinyi Li * 1 , Feifan Cao 2 , Yanjie Hu 3 , Yingqi Hui 4
1 Boston University
2 Portledge School
3 University of Toronto
4 Kunshan Canadian International School

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 28, 13-20
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Xinyi Li, Feifan Cao, Yanjie Hu, Yingqi Hui. Externalities Analysis on Heat Pump System (EU). AEMPS (2023) Vol. 28: 13-20. DOI: 10.54254/2754-1169/28/20231274.

Abstract

This paper analysis the positive externalities of using heat pumps in European so-ciety to solve the high-temperature problem. Through the paper, heat pump as a potential solution to the climate problem, contemplating how it is done, why it is the best solution, and what are the positive externalities specifically to the City of London. The heat pump is renewable and can reduce carbon dioxide and sulfur emissions. In order to better introduce the benefits of heat pumps in those high-temperature cities, the author thus chooses to create a hypothetical city which is called M&M City. In the stimulating process, we predict the specific circum-stances of heat pumps that may be needed in the simulated city and associated packages, analyze the value and feasibility, as well as present the shortcomings and look to the future.

Keywords

climate change, geothermal energy, heat pump, three sectors, renewable energy, New England London

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-077-6
ISBN (Online)
978-1-83558-078-3
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/28/20231274
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated