Govt. economic advisors: Green economy switch to cost trillions

The Czech government’s economic council, known by the acronym NERV, says it will cost over CZK 3 trillion by 2050 for the country to switch to a green economy. At the same time, most sectors of the Czech economy will have to undergo fundamental change, the experts said in a document studying growth measures.

NERV said the move to green policies would help make the economy more stable and resilient. It said, however, that individual ministries were lacking in terms of strategy, leading to a decline in Czechia’s competitiveness.