IEA Calls on Czech Republic to Enhance Energy Investment Conditions

The International Energy Agency (IEA) has urged the Czech Republic to create policies that facilitate energy sector investments. In its review, the IEA commended the country for its advanced natural gas and electricity infrastructure, noting its high electricity interconnection capacity in Central Europe.

IEA Executive Director Dr. Fatih Birol highlighted the importance of transparent implementation plans stemming from the State Energy Policy adopted in 2015 to attract future investors. He emphasized that uncertainty from previous measures to reduce renewable support has negatively impacted investor confidence.

The Czech Republic is also expanding its nuclear energy capacity to improve energy independence. The review recommends prompt decisions on financing mechanisms for new nuclear plants and suggests retrofitting coal-fired power plants to reduce emissions while improving energy efficiency, particularly in buildings and transportation.