Buk: CO2 prices might actually slow down energy transition

– Last year we spent 1,8 bn euro on CO2 allowances. That translates directly into decreasing our investment capacities. We can not simply shutdown our conventional generation. Because We cannot commit to more wind investment. CO2 prices will not speed up our transformation, to the contrary, it might be slowed down by them – said […]

Wróbel: high CO2 emissions prices are not caused by speculation, they act as a barometer of the transition (INTERVIEW)

According to Paweł Wróbel, head of Gate Brussels, the emission trading system „has become a kind of a barometer that indicates what we may expect from EU legislation with regard to emissions reduction”. „The prices are going up not because of speculation, but because they reveal in what direction the EU legislation on climate neutrality […]

Czyżewski: Orlen taking over Lotos is a response to global trends on oil and liquid fuels markets (INTERVIEW)

In order to make European refineries profitable again, further cuts in capacity are necessary. By 2025 they are estimated at 1.35 million barrels per day. Individual refineries that profit from oil refining are at the biggest risk of going under. Lotos’s refinery would join this group, because even high efficiency won’t protect it from refining […]

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