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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.

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General information

AuthorErste Group Research
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-


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