Study: Czechia could Raise Renewable Energy to 33%

Published on:
by KnowESG
KnowESG_Solar panel
Image courtesy of Unsplash

A study conducted by Facts on Climate Change and an expert group at the law firm Frank Bold suggests that Czechia has the potential to increase its share of renewable energy twofold by 2030.

According to Jan Krčál, an analyst from Facts on Climate Change (Fakta o klimatu), the study indicates that renewable energy has the potential to account for 33% of Czechia's energy consumption by 2030. Currently, only 17% of the country's energy comes from renewable sources, with the majority being derived from biomass.

Although solar power has seen significant growth in recent years, the data indicates that a comparable surge in wind energy is necessary, according to Krčál.

The study revealed that solar and wind energies have the potential to make the most significant contribution to increasing the percentage of renewable energy sources in Czechia, potentially adding 6.2 percentage points by 2030.

By improving energy efficiency through measures such as insulation, increased use of heat pumps, and promoting electromobility, Czechia could increase its share of renewable energy by an additional 5.8 percentage points.

Furthermore, sustainable biomass development could contribute a further 4 percentage points to the share of renewable energy by 2030, according to the study.

The report highlights that the invasion of Ukraine by Russia has increased pressure to shift Europe's energy sector towards green sources as the EU seeks to reduce greenhouse gas emissions.

The study concludes that fossil fuels are at the root of the energy and climate crisis, and the solution lies in replacing them with clean energy sources and investing in energy efficiency and savings.

While Czech legislation has already simplified the process of acquiring rooftop solar power systems, further changes to the law are necessary, according to Laura Otýpková, a lawyer from the Frank Bold group. These changes would involve opening up the energy market to new players and implementing smart energy solutions.

Following an agreement reached by member states and the European Parliament in March, the EU is anticipated to generate 42.5% of its overall energy consumption from renewable sources by 2030. This is an increase from the previous target of 32% and applies to the EU as a whole.

However, several member states, including Czechia, have set lower national targets. The Czech government is currently working on updating its plan to align with the March agreement.

The team of analysts at Facts on Climate Change aims to facilitate informed discussions on climate change through the use of data-driven insights. Meanwhile, Frank Bold offers legal guidance and expertise on matters related to energy and green finance.

For more regulatory news

Source: expats cz


Regulators Headlines

UNDP Selects New Chief for Sustainable Innovation Hub

UNDP Selects New Chief for Sustainable Innovation Hub

Japanese Insurers and Banks Collaborate in ESG Venture

Japanese Insurers and Banks Collaborate in ESG Venture

Novisto Raises $20M in Series B to Lead ESG Reporting

Philipa Varris Appointed as ESG Specialist at Mkango

Sweep Rolls Out Solution for Sustainability Disclosure

Trevor Hutchings Appointed BIP Sustainability Partner

FTSE 100 Companies' ESG and Purpose Misalignment

EU's New Rules Alter Seafood Sustainability Reporting

Chaucer Appoints Simon Tighe as Group ESG Head

IBA Report: ESG's Impact on Capital Markets