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Sustainability: The Czech Republic

September 2021

As a landlocked country, the Czech Republic lacks access to renewable water reserves thus needs to increase investments into water collection, treatment and supply facilities. Its energy and transportation sectors heavily rely on imported fossil fuel which leaves them vulnerable to oil price fluctuations and hinders reduction of CO2 emissions. The Czech Republic faces a low risk of natural hazards, yet a rising annual mean temperature and extreme heat waves threaten inhabitants and agriculture.

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

Economy, Finance and Trade: Understanding the structure, health and potential risks of an economy are important for decision-making within an existing operating environment as well as for expansion strategies. Real GDP growth, inflation and exchange rate fluctuations will directly impact consumer market potential. Import and export trade profiles help gauge how open an economy is to trade and investment, while analysis of government finances can be used to explore macroeconomic stability and susceptibility to economic shocks.

Income and Expenditure: Insights into income, wealth and expenditure of consumers are vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which products or services to market, and at which price point. Other factors such as the size and expansion of the middle class and income inequality are also important in helping companies gauge the potential of a country market.

Households: Global shifts in gender, ageing, migration and housing are transforming the size, location,  general make-up as well as income and expenditure of households around the globe, with diverse implications for governments and companies. Households insights can help identify the decision-making processes and consumption tastes of different household groups and types within a country, and assess household appliance and digital readiness that is key for formulating market technology and internet strategies.

Business Dynamics: A stable and competitive business environment is vital to operate efficiently and attract inward investment. Businesses can assess these factors alongside challenges such as corruption, political instability and terrorism, also gain insight into business operating environment and make strategic investment decisions. Transport infrastructure, ICT readiness and labour force dynamics will also identify potential issues with a supply chain and the level of workforce skills.

Sustainability: Insights on key sectors directly related to the environmental sustainability of a country such as energy, water, pollution, environmental resilience, forest and biodiversity and food and agriculture help businesses to make strategic decisions in relation to environmental and sustainability trends, improve brand reputation and ensure long-term operations while ultimately growing the bottom line.

The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Sustainability: The Czech Republic

HEADLINES

PROSPECTS

The Czech Republic to reduce usage of fossil fuels by expanding nuclear and renewable energy
High air pollution to remain an issue as the country is heavily reliant on coal
Rising temperature to affect large areas of Czech forests
The Czech Republic outlived what was deemed as the worst drought in 500 years
Food availability remained high yet the continuation of droughts poses a risk to the country's food supply
Weather in the Czech Republic to become more adverse due to the warming climate

ENVIRONMENTAL SUSTAINABILITY INDEX

Chart 1 Environmental Sustainability Index: Czech Republic Chart 2 Global Sustainability Ranking: Czech Republic Chart 3 Energy Ranking: Czech Republic Chart 4 Energy Availability Landscape: Czech Republic Chart 5 Energy Efficiency, Security and Equity Landscape: Czech Republic Chart 6 Pollution Ranking: Czech Republic Chart 7 Air Pollution: Czech Republic Chart 8 Waste and Water Pollution Landscape: Czech Republic Chart 9 Forest and Biodiversity Ranking: Czech Republic Chart 10 Forest and Biodiversity Landscape: Czech Republic Chart 11 Water Ranking: Czech Republic Chart 12 Water Availability, Equity and Security Landscape: Czech Republic Chart 13 Water Security and Efficiency Landscape: Czech Republic Chart 14 Food and Agriculture Ranking: Czech Republic Chart 15 Food and Agriculture Landscape: Czech Republic Chart 16 Role of Agriculture in the Economy: Czech Republic Chart 17 Environmental Resilience Ranking: Czech Republic Chart 18 Environmental Resilience Landscape: Czech Republic
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