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HOME IS WHERE THE HEAT IS: THERMAL INSULATION PROGRAMS ...

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Home is where the heat is: thermal insulation programs for buildings in the Czech Republic and its positive effect on job creation

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Home is where the heat is: thermal insulation programs for buildings in the Czech Republic and its positive effect on job creation



Publisher: CEE Bankwatch Network

Date: 2011

Volume: 26 pages, pdf

Description

This study assesses the impacts of two public financial schemes in the Czech Republic – the ‘Panel’ and ’Green light to savings’ schemes for thermal insulation in residential buildings – on the overall employment rates in the constituent sectors of the national economy. The potential for energy efficiency in the building sector is enormous. In the Czech Republic alone, 175 petajoules per year – or 60 percent of its current consumption – could be saved. Each tonne of carbon dioxide saved will bring a net profit of EUR 50-100 per tonne, depending on the type of building. In a country where most buildings are heated with natural gas imported from Russia and brown coal from the northern Bohemia basin, energy efficiency measures can help tackle energy dependency and environmental pollution. The ‘Green light to savings’ program is a green investment scheme funded by the sale of Kyoto Protocol emission allowances. Its objectives are to support investments in energy savings in both renovation and new construction as well as installation of heating sources that utilise renewable energy. The ‘Green light to savings’ program provides a subsidy of approximately 60 to 65 percent of the total cost for thermal insulation in single- and multi-family houses, with 89 percent of that support having been spent on thermal insulation. The scheme has been so successful that the total amount available under the program, about EUR 780 million, was disbursed more than two years ahead of schedule.