Poland claims "success" as EU agrees to ratify Paris climate deal

Poland claims
Poland insists it will continue expanding its fleet of coal-fired power plants
By bne IntelliNews October 2, 2016

Poland claimed on September 30 that it has successfully secured the interests of its economy as a special meeting of EU environment ministers agreed the bloc will ratify the Paris climate deal. However, Warsaw - which had threatened to block the move - was extremely vague about the concessions it has won.

The EU needed quick consent to ratify the deal, agreed last year in Paris, before a UN climate summit next month. The longtime leader in climate policy, the EU has been under pressure to head to Morocco with a ratification agreement, which would effectively push the deal above the threshold needed to enter into force.

Evidently eyeing that pressure, Poland said it would not agree to ratification unless its "economic interests" were accounted for. Coal provides over 80% of Polish power.

The lack of details released by Poland in its "victory" declaration has fuelled speculation that the threats were little more than posturing for the domestic political audience. Environment Minister Jan Szyszko was extremely vague about the actual concessions won.

"This is a success. Polish interests will be secured,” Szyszko proclaimed. However, he could only state that Poland has achieved “a gentleman's agreement," before noting that “undoubtedly there is still a lot of work ahead.”

Warsaw had claimed it would only agree on the unrealistic condition that the EU help it fund new coal-fired power plants. Poland has pledged to prop up its struggling coal industry, while it is in a hurry to build new generation capacity as the risk of blackouts rises.

“Poland is a country rich in energy sources, and its energy security - based on its own resources, that is, hard coal and lignite - is the foundation of Poland’s economy and sustainable development,” Szyszko wrote in a letter circulated in Brussels ahead of the September 30 meeting.

 

 

 

News

Register here to continue reading this article and 2 more for free or 12 months full access inc. Magazine and Weekly Newspaper for just $119/year.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

IntelliNews Pro subscribers click here

Thank you. Please complete your registration by confirming your email address. A confirmation email has been sent to the email address you provided.

Thank you for purchasing a bne IntelliNews subscription. We look forward to serving you as one of our paid subscribers. An email confirmation will be sent to the email address you have provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

IntelliNews Pro subscribers click here

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

Thank you. Please complete your registration by confirming your email address. The confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss