Duct bills: Heat pumps seek market share amid US building electrification push

Buildings in the United States account for about 40% of domestic energy demand and about 25% of greenhouse gas emissions. Increased electrification of buildings, particularly in heating, is core to policy makers realizing decarbonization ambitions.

Julia Kim, a US power markets expert at S&P Global Commodity Insights, joins Hill Vaden and Sam Humphreys to discuss incentives behind US building electrification and explain how the pace of heat pump adoption will reflect regional differences in incumbent heat source and state-level policy.

Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en

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