Energy savings by 2030

On 30 November 2016 the Commission proposed an update to the Energy Efficiency Directive including a new 30% energy efficiency target for 2030 and an annual reduction of 1.5% in national energy sales. The Confederation of Industry of the Czech Republic has commissioned a study on Energy Savings by 2030 according to the EU Targets: Potential, Costs and Impacts on Economy, Employment and Public Budgets.

The study analyzes the consequences of the proposed revision of the Energy Efficiency Directive on the Czech economy. It evaluates the potential for final energy savings in the Czech Republic, quantifies the investment expenditures which would have to be spent by Czech companies, households and public sector to achieve the energy efficiency target for 2021 – 2030 as well as analyzes the impact on the Czech economy.

The study outlines the results for four different scenarios which are currently discussed by the European institutions. In the most likely scenario (the continuation of the obligations arising from Article 7 by 2030), CZK 510-1025 billion (EUR 20-40.1 billion) of investment expenditures would be required to achieve the expected target of 73.5 PJ of final energy consumption savings between 2021 and 2030. Of this amount, CZK 190-660 billion (EUR 7.4-25.9 billion) would be needed from public funds in the form of subsidies or other incentives. Moreover, reaching the potential 40% target would be entirely beyond the economic possibilities of the Czech Republic.

Here you can find an abstract and executive summary of the study. At European level, the Confederation has shared the results of the study with a wide range of representatives of European institutions and business organizations.