It's nonsense because China, Russia and the USA are never going to adopt net zero.
Why not?
The UK's emissions are truly tiny. It won't make any difference on a global scale, whilst having a huge impact on our economy. What's worse is many of our emissions are being outsourced to other countries, which has the effect of increasing them, as goods require shipping.
That sounds like you need a border adjustment tax?
How did you calculate the future costs of running a gas boiler?
One cannot predict the future.
Why not?
I'm open minded about the possibility of changing, but will stick to what's cheapest for now. I'm willing to listen to rational arguments, but don't take kindly to propaganda and zealotry. I'm well and truly fed up with it from the mainstream media.
Do I smell propaganda at work?
Mind you that chances are that you'll have to pay for the damages that your CO2 emissions cause at some point.
Irrelevant, since most of the emissions are from other countries who will not cut them.
How is that a relevant response? If you have to pay for the damages, that doesn't get cheaper even if it is true that most of the emissions are from other countries who will not cut them, does it?
I mean, I guess we are getting really off topic here, but ... gold is not a productive asset and therefore not really an investment. It's a speculation vehicle at best.
Gold is a precious metal and is limited in supply, so will only become more valuable over time. The only risk is someone discovers a way to make it cheaply.
No, that doesn't follow. And really, I smell propaganda that has convinced you of such nonsense in order to sell you gold, using your rudimentary understandig of economics and your distrust of "main stream whatever" to turn you into a mark for someone's scam.
Price results from supply *and* demand. Limited supply with decreasing demand still leads to decreasing prices. As the majority of gold demand is from speculators, there is no fundamental reason why demand couldn't decrease (as opposed to technical uses, say, where the practical value of the products that contain gold and where gold is hard to substitute drive the demand). Really, what keeps the value of gold up is exactly such marketing campaigns that mislead people who lack deeper economical understanding into "investing" in it, because that is what generates the demand.
If you buy gold, that's a bet on other people buying gold, and them doing so at a higher rate than gold is supplied to the market, so that you can later sell it to them. That's it.
Which is in contrast to investment, i.e., putting your financial resources into things that produce other things of value. Like, if you buy a (share of a) company that owns a machine that makes bread, where the machine making bread produces value (because of the value of bread for people's survival that people are willing to pay for) that you get a share of.
Given this is highly unlikely, it's certainly a better investment, than an electric heat pump!
Well, no. It certainly has a different risk profile, but it is in no way obvious that putting your money into gold would have a higher return than putting it into a heat pump over the lifetime of the heat pump. Though maybe things are different for you personally, given that you seem to use very little heating anyway. But then again, possibly a simple, relatively low-power air to air heat pump could actually work for you, and those can often be had relatively cheaply.
But those only have an efficiency of ~ 30%, I think?! Combine that with a COP of 300% and you are at an efficiency of 90%. Of coure, you can then also use the waste heat, but for one that again requires an exhaust heat exchanger (that needs to be cleaned), and also, the overall efficiency still would seem like barely worth the complexity and presumably system cost!?
I thought you said a COP of 600%? Make your mind up!
There is no need to make up my mind, you just have to pay attention.
I am *currently* (as in: most of February so far) heating with a COP of around 600%. As in: Right now, my heat pump draws 476 W electric (pumps and everything included) and outputs 2786 W of heat, so 2786 W / 476 W = 585 % COP.
Which I mentioned above to explain why an average of 350% is reasonable, even though the COP can be lower during really cold days.
To compare heating systems, you obviously have to use annual averages, and that certainly is not 600%.
And also, I used the 300% because that was the number that you used in the post that I was replying to.
Natural gas is a clean fuel, so the exhaust won't be any more dirty than my boiler.
Well, it is clean in comparison to other fuels. But it is not clean as in "doesn't leave any residue". Whether it would be dirtier than your boiler isn't really that easy to say, as the dirt that results from the combustion really depends on the conditions.
Assuming an electric heat pump would give a COP of 300%, a gas one would give a COP of 160%
How did you get to that number?
and given gas costs a quarter of the price, it would pay for itself within a few years.
What price are you assuming for a gas-driven heat pump, and how did you arrive at it?
I have no idea what they cost, but I would expect them to be even more expensive than electrically driven ones as they are more complex to build (combustion engine vs. electric motor) and more difficult to install (need a gas line i addition to electricity and potentially refrigerant lines)!?