ČEZ to Stop Mining Brown Coal in Northern Bohemia by 2038
Brown Coal Northern Bohemia Climate Change

ČEZ to Stop Mining Brown Coal in Northern Bohemia by 2038

Czech Radio reported that Northern Bohemian brown coal mines belonging to the majority state-owned Czech energy conglomerate

Czech Radio reported that Northern Bohemian brown coal mines belonging to the majority state-owned Czech energy conglomerate ČEZ will stop mining activity by 2038 at the latest. ČEZ Group Chief Financial Officer Martin Novák said “Brown coal mining on Czech territory will become unprofitable once it is no longer possible to use inside the country. This is because brown coal is not an internationally traded commodity like black coal and transporting it to other markets is not economically feasible.”

The original deadline counted on mining operations ceasing by 2050.

The news of ČEZ moving its deadline comes more than half a year after the Czech Republic’s Coal Commission recommended that the commodity be phased out of energy production by 2038. The Czech government has since taken the advice into consideration, but without setting up a definitive deadline. Meanwhile, the European Union has been pushing strongly for increasing the share of renewable sources in energy consumption.

Related Stories

No stories found.
SteelGuru Business News
www.steelguru.com