CGNI Financial and ESG Update slide image

CGNI Financial and ESG Update

4 The response to the energy crisis in 2022 6 REPowerEU actions proposed to phase out Russian fossil fuels go beyond plans presented in the FF55 Package CZ government executed several measures to mitigate impact of possible gas interruption ACCELERATE CLEAN ENERGY TRANSITION DIVERSIFY ENERGY REPowerEU PHASE OUT DEPENDENCY ON RUSSIAN FOSSIL FUELS SOURCES SMART INVESTMENT National and European plans: reforms and investments, faster permitting and innovation SAVE ENERGY • • Strategic reserves controlled by the CZ government Financial motivation for storage users to inject gas into gas storage in CZ in keep it under defined conditions Storage to be filled at least by 80% by November 1 Use it or lose it (,,UIOLI") implemented in the Energy Act • Caps on energy prices • State financial support to TSO/DSOs implemented in the Energy Act in case of gas interruption gasnet.cz 23
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