Competitiveness / Energy and Environment

This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.

Spotlight issue

10th March 2021 / Competitiveness / Energy and Environment

Erste Group to phase out business activities in the thermal coal sector by 2030

Erste Group launched a long-planned review of the fossil fuel chapters in its “Responsible Financing Policy” at the end of 2020, following a delay due to the global pandemic. The increased urgency brought about by rising global temperatures has led Erste Group to tighten its financing parameters for thermal coal related activities. “The Corona pandemic is an obvious chance for an ecological reboot for the whole economy. I believe that future growth must come from sustainable projects,” said Bernd Spalt, CEO of Erste Group.
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19th February 2021 / Competitiveness / Energy and Environment

Family businesses risk missing the mark on ESG - PwC Family Business Survey

In a year where business has had to transform the way it meets the needs of society and the environment, family owned businesses risk falling behind, according to a new global survey of 2,801 family business owners.  While more than half (55%) of respondents saw the potential for their business to lead on sustainability, only 37% have a defined strategy in place. European and American businesses are lagging their Asian counterparts in their commitment to prioritising sustainability in their strategy. 79% of respondents in mainland China and 78% in Japan reported ‘putting sustainability at the heart of everything we do’ compared to 23% of US and 39% in the UK. Larger businesses and those owned by later generations also buck the trend, with greater focus on sustainability.
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18th February 2021 / Competitiveness / Energy and Environment

CTP continues to garner strong investor interest raising €500 million in their third green bond issuance

CTP B.V. raised €500 million with their third green bond issue on February 18th 2021, increasing the total raised from Green Bonds to €1.55 billion since their inaugural issuance in September 2020.
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9th February 2021 / Competitiveness / Energy and Environment

Planned hydrogen projects outnumber current projects across Europe as demand for clean energy increases

Future hydrogen projects almost double current operational projects in Europe Private investment in hydrogen projects will be vital in building back a greener economy
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3rd February 2021 / Competitiveness / Energy and Environment

How the European Union could achieve net-zero emissions at net-zero cost

The decarbonization pathways to a net-zero Europe are countless, but not all are cost optimal. We explore one pathway that could reduce the EU’s emissions 55 percent by 2030 while delivering broad economic benefits. In December 2019, the European Commission introduced an ambitious proposal to make the bloc climate-neutral by 2050. Although the proposal set specific 2030 and 2050 emission-reduction goals, it did not explain how much each sector and member state should contribute to the desired emissions reductions or what achieving those reductions would cost.
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Members of the American Chamber of Commerce in the Czech Republic