Future hydrogen projects almost double current operational projects in Europe Private investment in hydrogen projects will be vital in building back a greener economy

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.

The Czech Republic has reduced GHG emissions significantly after 1990 but remains the fourth largest GHG emitter per capita in the EU. This report aims at presenting a cost-effective pathway for the Czech Republic to reduce GHG emissions in line with the expected targets of the European Green Deal, including the investments needed.

There is probably no need to emphasise what exceptional times we live in. Society is changing at a dizzying pace and is able to adapt to pandemic conditions with unprecedented flexibility. The newly acquired capabilities resulting from rapid and complex changes are an opportunity for us to open a number of social topics that we have not been comfortable discussing thus far. Greening the economy is one of them. Part of society will naturally perceive it as a forced mantra but let us take a different look and consider it as an opportunity for improvement.