Polish Briefing 10 December, 2019 9:34 am   
Editorial staff

Polish Briefing: Poland assesses the idea of ​​the transition fund at EUR 100 bn positively

What goes on in Poland on the 10th of December.

Poland and the energy transition fund

The mechanism for supporting energy transition, which is expected to amount to EUR 100 billion, is a step in the right direction, but we have to wait for the details in the documents – said Deputy Minister of Climate Adam Guibourge-Czetwertyński during a meeting with journalists.

– We provoked a discussion about whether we have funds for energy transition. Last week, the President of the European Commission Ursula von der Leyen said that she was planning to introduce a mechanism that would amount EUR 100 billion. This is a good step that can ensure a successful transition – said the deputy minister of climate. He stressed, however, that you should first see what is in the details of this proposal and what is written in the documents.

Minister of Climate Michał Kurtyka said that the amount is crucial, but the conditions under which assistance will be provided will be equally important, as its design should take into account the specificity of Poland. – It’s about our demands. The amount of the mechanism has been increased to EUR 100 billion, and the amount of the Fund itself has been increased to EUR 35 billion. Everything now depends on technical issues, such as the percentage of jobs in the mining sectors or GDP per capita. We will talk about it further – said Kurtyka.

As Kurtyka emphasized, the PLN 100 billion mechanism will be an additional amount beyond the one that will be included in the Multiannual Financing Framework.

When asked about the possibility of financing nuclear energy under this mechanism, Kurtyka emphasized that Poland was thinking about the provisions of the principles regarding technological neutrality. – Thinking about it, gas should be mentioned. For Poland, the EIB’s decision to stop supporting gas was premature. It is about challenges for heating. In the discussion about the nuclear we have differences between the countries that are leaving it and are skeptical about this technology and countries that are very dependent on it, like France – explained Minister Kurtyka.