District heat networks need the private sector to deliver a net-zero transition

BLOOMBERG NEF | As net-zero targets ramp up, the world is re-engineering how it stays warm – and cool. Policy makers, property developers and utilities are turning to district heat networks to provide low-carbon heating and cooling without blowing out carbon budgets. Singapore has built what it says is the largest district cooling network in the world, to handle rising cooling demand in a sustainable manner for both carbon emissions and the power grid. Meanwhile, the U.K. expects a ninefold increase in district heating by 2050 to meet its net-zero emissions target. The Netherlands sees a 17-fold increase as it moves completely away from natural gas in homes.

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