Corporate Research: CEZ a.s - Restructuring due; urgent need for renewables
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CEZ a.s
- CEZ’s transition to net zero by 2040 is not fully aligned with the goals of the Paris Agreement.
- CEZ is retiring coal capacity and has shortened accounting coal asset lives from 2038 to 2030.
- However, plans for new gas are not compatible with net zero; CEZ should instead substantially accelerate capex on renewables.