Members of the Polish Electricity Association (PKEE) are aware of the climate change challenges and share the Commission’s ambition to jointly tackle them. Polish energy sector is already preparing for a further transformation in a sustainable development direction, ensuring energy security and affordable energy prices. However, the achievement of the ambitious goal of climate neutrality by changing Polish energy mix, will require significant investment outlays and may result in deteriorating the socio-economic situation of the affected regions. The net-zero emissions economy in 2050 requires significant investment outlays, estimated to reach EUR 179-206 billion (CAKE, KOBiZE1) for the power generation in Poland. Therefore, it is necessary to foresee in the European Climate Law2 (hereinafter also as “ECL”) a proportional compensation for the additional carbon cost resulting from higher climate ambitions. Otherwise, the financial resources of utilities will be dedicated to cover the actual operational cost, instead of being devoted to the new investments in line with transition aimed at reaching the climate objectives.
Kuffel: Fingres crossed for the European Green Deal
What is the European Green Deal? Read an editorial by Magdalena Kuffel, BiznesAlert.pl’s partner.
PGE: Vulnerable regions and sectors shouldn’t be left alone in reaching climate neutrality
The net-zero emissions economy by 2050 requires significant investment effort, estimated at EUR 179-206 billion for the power sector in Poland. Potential social and overall economic impact of the climate neutrality largely exceed that cost. The most vulnerable regions and sectors should not be left alone in facing this enormous challenge.
Return of the price war? Belarus may be the final straw
Russia has increasingly more reasons to abandon the OPEC+ agreement and revert to a price war. By going against the cartel and its powerful members, Moscow would be able to keep tabs on the situation in Europe and in Belarus and grow its assets in Asia – writes Wojciech Jakóbik, editor in chief at BizensAlert.pl.
Polish Briefing: The EC resumes negotiations with Orlen on the merger with Lotos
What goes on in Poland on the 3rd of March.
Energy cooperatives and the Polish law (ANALYSIS)
The goal of the EU climate and energy policy is to decentralize and democratize the energy system so that every citizen can participate in it. In this vision a network of grassroots energy communities emerges, where the end-users, i.e. average citizens are able to generate green energy on their own with the support of local governments – writes Bartłomiej Kupiec, expert at Young Leaders in Energy.
Polish Briefing: Acts on gas storage under the scope of the EC. Poland is running out of time
What goes on in Poland on the 2nd of March.
Will Akademik Chersky rescue Nord Stream 2?
Gazprom is putting a brave face again and announcing new completion dates for Nord Stream 2. Just like before, the new deadlines are just propaganda. However, it is possible for Russia to finish the project on its own. One of the solutions is the Akademik Chersky vessel that will soon reach the Baltic Sea – writes Mariusz Marszałkowski, editor at BiznesAlert.pl.
Teresa Czerwińska appointed Vice-President of the European Investment Bank
Teresa Czerwińska is the new Vice-President and Member of the Management Committee of the European Investment Bank (EIB). She will take up her duties on the 1st of March.
Back to square one – will the Ostrołęka C power plant run on gas?
The construction of the Ostrołęka C power plant has already cost PLN 300 million. The price may go up because the invoices are still being counted. According to recent speculation the plant may be running on gas, not coal as originally planned. This begs at least two questions – where will the gas come from and what will happen to the current construction contract – writes Bartłomiej Sawicki, editor at BiznesAlert.pl.