GlobalData say Czech energy goals are difficult to achieve
Summary
Rohit Ravetkar, Power Analyst at GlobalData, commented: “The country is heavily dependent on coal power generation to meet its electricity demand and a rapid phase out of coal could threaten the country’s energy security if renewable power is unable to bridge the gap. Hence, the country should draft a clear coal phase out policy to allow time for utilities to transition from coal power to other technologies.” According to GlobalData’s latest report, ‘Czech Republic Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive Landscape’, thermal power held a significant 48.1% share and nuclear power around a third of the share of the country’s electricity generation mix in 2020 and so the Czech Republic will continue to depend heavily on thermal and nuclear power generation until 2030. According to the National Energy and Climate Plan (NECP), the Czech Republic is targeting to reduce the GHG emissions by 30% by 2030 as compared to 2005 levels however with thermal power still expected to comprise a large share of total generation in 2030, this target will be difficult to achieve. The Czech Republic is also expected to miss its 2030 State Energy Policy target of generating 15.1 TWh of electricity from renewables. Ravetkar added: “The Czech Republic has been slow to adopt renewable energy.