On 19 May 2020, the CIC 2030 project team at Czech Technical University held a webinar, at which 20+ representatives of ministries, financial institutions and professional organisations discussed the underlying factors for the difference between current investment flows and investment needs to meet the 2030 climate and energy targets.
The participants outlined the main barriers to renewable energy development, discussed the legislative and institutional framework and recommended main instruments to raise the levels of low-carbon investment. Links between climate and energy goals and current economic recovery plans were also examined. The links between the climate and energy goals and the current economic stimulus programs were also examined.
The participants agreed that there was a particular lack of a strategic approach towards a low-carbon economy. There is little public awareness of the potential for energy savings and renewable energy development, and there is significant potential for expanding the portfolio of financial instruments, including a carbon price.