Prague’s new climate plan focuses on reducing emissions by 45%

Martina Taxova, Trade Commissioner (Czech Republic)07-June-2021 The City of Prague approved the City’s draft Climate Plan until 2030. The ambitious document is to become the flagship of the effort for a carbon-neutral city in 2050. Its implementation over the next ten years envisions a reduction in the volume of carbon dioxide emissions by 45% comparedContinue reading “Prague’s new climate plan focuses on reducing emissions by 45%”

Cost to end coal in the billions

Martina Taxova, Trade Commissioner (Czech Republic)07-June-21 A joint study conducted by the Czech Technical University in Prague and the Association for District Heating of the Czech Republic, indicated that by the end of 2030, Czech heating plants will have to invest approximately 100 billion CZK (5.8 billion CAD) to switch from coal to gas.  SoContinue reading “Cost to end coal in the billions”

Funding large heating supply projects in Czech Republic

Martina Taxova, Trade Commissioner (Czech Republic)18-May-2021 The State Fund for Environment has recently published HEAT Call No. 2 intended for large projects allocating CAD 294 million. The second subsidy call from the HEAT program is intended for heating plants (owners of heat supply systems) for the reconstruction or replacement of a heat source in heatContinue reading “Funding large heating supply projects in Czech Republic”

Energy storing batteries would help ensure reliable operation of Baltic power systems – Augstsprieguma Tikls

Irena Cirule, Trade Commissioner (Latvia)12-May-2021 Energy storing batteries would help the Baltic States to ensure a smooth and reliable operation of their power systems, representatives of Augstsprieguma Tikls transmission system operator (TSO) told LETA, citing a feasibility study conducted by Japanese energy company Tepco Power Grid Inc. The study shows that in order in increase renewableContinue reading “Energy storing batteries would help ensure reliable operation of Baltic power systems – Augstsprieguma Tikls”

Latvenergo power utility implements placement of seven-year green bonds worth EUR 50 million

Irena Cirule, Trade Commissioner (Latvia)12-May-2021 On May 7, Latvia’s power utility Latvenergo implemented placement of seven-year green bonds in the total nominal value of EUR 50 million with a fixed annual interest rate of 0.5 percent and a yield to maturity 0.543 percent, LETA learned from the company. The total amount of the submitted purchase ordersContinue reading “Latvenergo power utility implements placement of seven-year green bonds worth EUR 50 million”

Czech government approves environmental policy on lower emissions

Martina Taxova, Trade Commissioner (Czech Republic)12-May-2021 In 2021, the Czech Ministry of Environment approved a strategy to prioritize lowering emissions of harmful substances and greenhouse gases, along with more efficient use of water. The strategy has been incorporated into the State Environmental Policy of 2030 (SPŽP 2030), which states the country’s environmental vision to beContinue reading “Czech government approves environmental policy on lower emissions”

Latvian utility investing 75M EUR annually on modernization

Irena Cirule, Trade Commissioner (Latvia) 26-April-2021 Power distribution company Sadales Tikls(ST) is planning investments of about EUR 75 million annually over the next ten years into reconstruction and modernization of the distribution system in accordance with the industry’s development trends and public demand. The company is planning to renovate 1,700 kilometers of power lines annually,Continue reading “Latvian utility investing 75M EUR annually on modernization”