Study: Czechia must invest 3 trillion CZK to decarbonize

To meet the EU’s new climate targets, Czechia will have to invest more than three trillion crowns in industrial transformation and decarbonization. However, the required several-fold increase in investment compared to the present is beyond the financial and technological capabilities of domestic industry. This creates a serious risk of losing competitiveness, especially for energy-intensive companies. These findings come from a study by the consultancy EGU for the Confederation of Industry of Czechia, which their representatives presented to journalists on Wednesday.