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Our Studies

bUILDING RENOVATION STRATEGY - pursuant to article 4 of the directive onenergy efficiency (2012/27/eu)

authors: Petr Holub, Jan Antonín

Energy efficient building renovation represents an opportunity for the Czech construction and energy sectors. Implementation of this strategy will create new jobs especially in small and medium-sized enterprises across the country. It will increase the living comfort and improve the use of buildings. Households, institutions and businesses will have more funds available for the purchase of nonenergyservices and goods. An energy-efficient construction sector has a strong multiplier effect on the Czech economy and it can thus significantly contribute to its growth. It will also allow savingenergy and thus decrease the need to use fossil fuels, which will in turn reduce local pollution and greenhouse gas emissions and increase energy security.This strategy seeks the opportunities for a cost-effective approach to building renovation. Typically, such measures are economically advantageous, but have only long-term return. It is therefore necessary to balance necessary initial investment costs and benefits obtained, both at the microeconomiclevel of the building owner and the macro-economic level of the state

The study to download (pdf)


Should the government invest in energy efficiency of buildings? Macroeconomic impact assessment

Authors: Miroslav Zámečník and Tomáš Lhoták, May 2012

Reviewed by: Luděk Niedermayer 

The Government of the Czech Republic has declared that fiscal stabilization is its top priority. Public sector deficit is to be reduced to 3% by 2013 and balanced budget is to be achieved by 2016. To achieve this objective a range of tax increases and expenditure cuts have been implemented, resulting in public sector deficit of 3.1% in 2011. Further fiscal restriction is scheduled for 2012 and the following years.

However, it is becoming apparent that the fiscal consolidation strategy is leading to significant deceleration of economic activity with negative growth of GDP. We have reviewed some of the options available to the policymakers to induce economic growth by targeted support for investments in enhanced energy efficiency in buildings, both housing and public sector.

-                        English executive summary to download (pdf file)

-                        The study to download (pdf file)


Macroeconomic analysis of an impact of accelerated introduction of a high quality construction standards in new residential buildings in The Czech Republic

Author: Miroslav Zámečník and Tomáš Lhoták, January 2011

Reviewed by: Lubomír Lízal

This study is based on four conservative assumptions: 25 years lifetime of building renovations, 5% discount rate, real energy price growth 3%, 70% renovation vs. 30% new build. Net present value of moving towards better energy standards however amounts to 223 bln CZK.

Sensitivity analysis revealed nearly exponential dependency on real energy price annual growth rates. Potential gains are huge in comparison with potential losses. To conclude, better building codes mean smart hedging against high energy prices for governments.

-                        Executive summary to download (pdf file)

-                        The study to download (pdf file)


Miroslav Zámečník is the prominent Czech economist and member of National Economic Council. 


A comparison of different scenarios of energy consumption in theEuropean Union by the year of their publication in the IEA WorldEnergy Outlook – a summary.

With every new edition of the World Energy Outlook (WEO) the International Energy Agency (IEA) hasbeen reducing the outlooks1 for Total Primary Energy Demand (TPED) and Total Final Consumption(TFC) in the European Union (EU). The development trends have changed correspondingly.

CHARTS to download HERE.




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