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Energy policy and trends

The main factor which forms the energy policy at global level is the paradigm of climatic change. In 2017, the Paris Agreement remained the crucial conceptual document which puts all the signatory countries under the obligation to keep global increase in temperature below 2 degrees Celsius in the long term in comparison to the time before the industrial revolution. The European Union is one of the leaders and its policy is also influenced in this sense, although it manifests inconsistency and significant dynamics. The EU presents gas as a transitional fuel on the way to absolute decarbonisation, and marginally considers even the end of gas heating in buildings; on the other hand, it encourages the construction of new backbone gas pipelines in the form of the Project of Common Interest. The role of natural gas in the EU energy industry might grow. However, due to ambitious targets in the area of emissions, this growth might be temporary, and therefore time-limited. This ambiguous approach will lead to instability and reluctance to invest in the gas industry in view of the uncertain return on investments.

Besides the proposed EU legislation, the State Energy Policy remains the key document for the Czech Republic, setting target values in 2040 and defining the direction of the Czech energy industry. One of the targets is the increase in the share of natural gas in the consumption of primary energy sources from the current 16% to up to 25% in 2040. The shares achieved in the individual variants for 2040 are as follows: Conceptual variant 28%, EU – Low-Emission Sources 26% and EU – Energy Savings 24%.