The European energy sector has witnessed energy supply crises, emission cutting, changing energy markets, volatile prices, many more. The introduction of energy regulations to curb pollution on a global scale has increased drastically. Czech Republic lies at the heart of the European continent and it has contemporary trends in the energy sector. A mix of various energy sources such as nuclear, electricity and gas are witnessed in the country. Czech energy sector spent first more than a decade in reforming itself due to various political and economic reasons. Czech Republic’s renewable energy resources handbook has constituted policies with main priorities such as security, competitiveness, independence and sustainability. The handbook states that there is a need to build firm home basis of energy sources and securing the country against supply curtailments. The renewable energy sector policies remind the country to remain as self-sufficient as possible, stockpiling energy sources, rely on domestically produced energy and prolonging power supplies by increased efficiency of use. The report titled “Czech Republic Renewable Energy Policy Handbook 2018”, provides a comprehensive analysis of Czech Republic’s energy, energy efficiency measures in Czech Republic, trends in Czech Republic renewable energy policy, unorganized renewable energy sector in Czech, and technological advancements in Czech energy sector.
Energy Efficiency Measures: Many energy efficiency measures were taken to curb pollution and GHG’s emissions. Few measures such as green investment scheme “Green savings” were very effective within the country. This trend has initiated the population to stock less energy intensive. These houses contribute to lower emissions, potentially bringing more money into the renewable energy green savings scheme. Czech Republic has provided a generous support to solar businesses through feed-in tariffs known as “solar boom” that raised the number of photo voltaic installations in a short time span. However, with more number of population opting for solar energy, the scheme was closed and currently, only small installations on buildings are supported. These scenarios demonstrate that the Czech energy sector is unorganized and lacks conceptual planning which witnesses an unclear vision in the development of the renewable energy sector over the next few years.
The intensity of development of business strategies in Czech’s renewable energy sector is one of the factors affecting the competitiveness in renewable energy sector and the country’s economy as a whole. With the increase in the standard of living, the consumption of energy has increased that resulted in improvement in housing conditions within the country. The energy efficiency improvements were very swift and a substantial progress was achieved. The industries account for a largest share of the economy’s energy intensity followed by transport and housing sectors. The energy consumption of the industries is consistently decreasing compare to the consumption in the housing and services sectors which is relatively stable.
Key Points in Czech Republic Renewable Energy Policy Handbook: Energy consumption in transport sector has witnessed a continuing increase due to the increase in industrial production, export of manufactured goods and increase in rail transport. Road transport accounts for a major share of energy consumption in the transport sector due to various modes of transport. Air transport is growing faster than road transport along with energy consumption. Decrease in fossil fuels reserves and target to reduce greenhouse gas emissions has encouraged the Czech to develop new transport fuels from stable domestic sources such as coal, natural gas and renewable energy sources. The government is encouraging the use of energy efficiency vehicles such as hybrid engines. These advancements in technology, decarbonising energy production, demand for green fuel, developments in renewable energies and few other factors involved in the Czech Republic renewable energy policy handbook for the year 2018.
Key topics covered in this report:
Czech Republic Renewable Energy Market
Czech Republic Renewable Energy Industry Research Report
Czech Republic Renewable Energy Market Future Demand
Czech Republic Renewable Energy Consumption
Czech Republic Renewable Energy Production
Europe Renewable Energy Production
Czech Republic Renewable Energy Market Developments
Czech Republic Renewable Energy Policy
Czech Republic Renewable Energy Market Technology
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Ankur Gupta, Head Marketing & Communications