Climate change: Financial incentives ‘essential’ for net zero switch

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Climate change: Financial incentives ‘essential’ for net zero switch
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Financial incentives will be 'essential' to get Northern Ireland households to switch to lower carbon heating, UREGNI research suggests

NI's energy strategy and net zero legislation will require a big shift away from oil and gas heatingThe Utility Regulator's research, which consisted of 10 focus groups, was carried out by the market research firm Ipsos in February and March.The findings suggest that:Upfront costs of installing new technology are consistently described as the most significant barrier

The lack of financing options and grants may also contribute to a delay in making changes, as consumers wait for anticipated future financial support The report concluded that: "Consumers need to be supported with public financing to encourage them to explore and undertake changes, especially given that such changes involve not only significant cost, but also disruption, risk, and uncertainty."

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