Press: Czech Republic to benefit financially from EU energy strategy

The Czech Republic will make a profit out of the EU’s new strategy to cut emissions, reported Lidové noviny on Thursday. The European Commission set targets on Wednesday for each of the 27 EU member states, obliging them to raise to a set percentage the use of renewable energies in their overall energy mix by 2020. Prague has been ordered to practically double its reliance upon renewable energy sources. But, Lidové noviny reports, the Czech Republic will be one of six EU states to actually benefit financially from the plan. Analysts predict that the scheme should raise Czech GDP by 0.51% annually. The Czech Ministry of Industry and Trade has responded by saying that it is impossible to tell whether such estimates will prove to be founded.