Addressing climate change will require a restructuring of current investment patterns and an increase in expenditure towards climate-friendly solutions. In order to understand the investment status quo, we prepared in the course of our project the Climate and Energy Investment Maps (CEIM) for Germany, Czechia and Latvia.
Draft of the Czech CEIM is out!
We are glad to share the news that our project has finalized a draft of the Climate and Energy Investment Map for Czechia. The map reflects domestic investment flowing into climate protection and energy transition. It covers total capital expenditure for such measures in two sectors, energy supply and buildings. These are the most important contributors to greenhouse gas emissions of Czechia. The Czech map replicates the Climate and Energy Investment Map Germany, which we published in February 2019.
Figure: Draft of the 2017 Climate and Energy Investment Map for Czechia, CZK billion:
In 2017, public and private actors invested CZK 18.1 billion in climate mitigation measures in the buildings and energy sectors of Czechia. Investment in energy efficiency measures (CZK 11.4 billion, and 63 % of the total tracked investment) largely prevail over the investment in renewable energy and fuel switch.
The main sources of investment were private entities, such as households and corporate actors, providing 60 % of the total investment (CZK 10.7 billion). The rest were public sources, stemming mainly from the EU Funds and public national budget.
The key instrument used to support investment in the buildings sector were grants while the contribution of other financial instruments was not significant. In the energy sector, the main instruments were feed-in-tariffs and green bonus, representing operational support into renewable energy development.
The intermediaries assisting the provision of capital were national ministries and their agencies, as well as the various actors of the capital market.