Look for:

Our offer for

Research Detail

2020/05/07 / Erste Group Research

CEE Special | Challenge no.2 Going Green


Going Green is the second CEE Special Report from the series titled "CEE - 10 challenges for the new decade". Once the turmoil caused by COVID-19 subsides, there will be a need for reflection and strategic decisions on how to move forward and be prepared for the next challenges to be faced. The vast majority of EU member countries opted to push the Green Deal, together with the Digitalization Initiative, as the core of the new Recovery Plan for Europe supported by the new 2021-27 Multiannual Financial Framework.

In a decade, the cut in greenhouse gas emissions should be 40% vs. the 1990 reference year, while the share of renewable energy should reach 32%. We believe that CEE countries can further reduce their CO2 emissions and air pollution in this decade by focusing on substantial reduction of coal-fired energy production, especially in Poland, which produces 62% of all CEE coal-related emissions. Further, CEE countries should utilize EU funds (the EC is mobilizing EUR 100bn in three pillars) and green financing to smooth the transition, get more involved in renewables and reduce energy intensity. The region could also support faster transformation to low-emission vehicles, ideally complemented by EU-wide scrapping and recycling initiatives on a large scale, as only less than 2% of cars from the overall vehicle fleet are being scrapped and recycled per year in the EU.


PDF Download Download PDF (523kB)

General information

AuthorErste Group Research
Date2020/05/07
Languageen
Product nameCEE Economies Special Report
Topic in focusMacro/ Fixed income
Economy in focusCEE, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia
Currency in focusCroatian Kuna, Czech Koruna, Euro, Hungarian Forint, Polish Zloty, Romanian Leu, Serbian dinar
Sector in focus-
Download



Accept

We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer