CZECH REPUBLIC 2021 – ANALYSIS

FAQS about Mobile ESS unit project financing options in Czech 2030

How does the modernisation fund work in the Czech Republic?

The mechanism of setting implementation of the Modernisation Fund, scheduling into areas which should contribute toward achievement of the Czech Republic’s climate targets, and other overarching information can be found at General Programme Document for Implementation of the Modernisation Fund in the Czech Republic (Czech version).

How much money is available to the Czech Republic?

The total sum available to the Czech Republic at the current prices of emission allowances is a minimum of 300 billion koruna. This sum is 15.6 % of the total resources in the Modernisation Fund. This money is the revenue of the State Environmental Fund of the Czech Republic.

How much ERDF does the Czech Republic spend on climate?

Furthermore, 30 per cent of the ERDF and 37 per cent of the Cohesion Fund is expected to be earmarked for climate objectives. However, using an alternative methodology to the government’s, we found that the Czech Republic’s climate spending does not reach the overall target of 30 per cent.