Report: Czechs have drawn paltry 3% of available EU energy-savings subsidies

23-07-2018

The Czech Republic through the end of 2017 had drawn down only 3 per cent of the nearly 850 million euros worth of subsidies allocated to the country from 2014 to 2020 towards implementing energy-savings schemes.

According to a new Supreme Audit Office (NKÚ) report, the lengthy approval process is a major factor in the country’s failure to make sufficient use of the available EU funds.

The country has set itself a goal of saving 51 petajoules worth of energy by 2020. Of that amount, 20 petajoules should be guaranteed through European funding. However, not even 1 per cent of the target was achieved by the end of 2017, according to the NKÚ report.