In order to evaluate the potential of renewable technology in mitigating the emission of greenhouse gases, this research employs the McKinsey cost curves and mitigation cost curves in heating. According to Harmsen et al. (2018), cost curves are effective as decision support tools as they combine information on related costs and energy savings. As such, they show additional costs incurred or required investments in order to attain a certain additional energy profit or savings on CO2 on a local, national, or global scale. The McKinsey & Company greenhouse abatement cost curves are particularly employed in this research since they provide a quantitative basis for discussions about actions that would be effective in the delivery of reduction in emissions and their actual costs (McKinsey & Company, 2013).
1.6 Research Aim
This research aims to identify the safe and unsafe residential heating system and the cost of running each system while eliminating GHGs.
Identify residential heating system that emits greenhouse gas
Compare the different heating systems
Evaluate the cost of running a residential heating system
Identifying a heating system that is economical with minimal or no emission of GHGs.