Green Deal and Carbon Neutrality Assessment of Czechia

Abstract

The Green Deal for Europe aims to achieve climate neutrality by 2050 and sets a binding EU target of a 55% reduction in greenhouse gas emissions by 2030 compared to 1990 levels. The contributions of EU Member States to this target will be partly determined by the market through the EU Emissions Trading Scheme. For the remaining part of greenhouse gas emissions outside the EU Emissions Trading Scheme, the Effort Sharing Regulation sets binding national reduction targets. The paper applies an energy optimization model to analyze the ability of the Czech Republic to meet the climate targets. Given the high level of GHG emissions in 1990 and the significant reduction of GHG emissions in the 1990s, Czechia could achieve a 55% reduction by 2030. However, further decarbonization will be quite challenging.