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Externalities Analysis on Heat Pump System (EU)
- 1 Boston University
- 2 Portledge School
- 3 University of Toronto
- 4 Kunshan Canadian International School
* Author to whom correspondence should be addressed.
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
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Cite this article
Li,X.;Cao,F.;Hu,Y.;Hui,Y. (2023). Externalities Analysis on Heat Pump System (EU). Advances in Economics, Management and Political Sciences,28,13-20.
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