Poland demands coal funding for ratification of key climate change agreements

By bne IntelliNews September 6, 2016

Poland will tie ratification of important international agreements to tackle climate change to financial guarantees from the European Commission for the construction of new coal-fired power generation capacity, Warsaw said on September 5.

The statement befits Poland’s reputation as the European Union’s most sceptical member state with regard to climate policy. Warsaw has long said curbing emissions of greenhouse gases – carbon dioxide in particular – puts the country’s energy security at risk. Poland’s energy mix relies more than 80% on emissions-intensive coal.

The government has now said it will only ratify two key international agreements aimed at curbing emissions should the European Commission issue financial guarantees for construction of new Polish coal-fired power plants. One agreement in question is the so-called Doha amendment to the Kyoto Protocol, which binds the EU to limit emissions by 20% against the 1990 levels by 2020. The other is the Paris agreement adopted late in 2015, which will replace the somewhat limited Kyoto Protocol as the first truly global legal means to reduce emissions.

For the Paris agreement to enter into force, it needs to be ratified by 55 states responsible for at least 55% of global emissions. The EU will join the agreement once each of its 28 member states ratifies it.

Poland’s demand smacks of "blackmail" one a climate policy expert suggested to bne Intellinews. The Paris agreement would clearly be weakened without the EU, which has long led the international efforts to curb climate change,

“Poland needs to build new power generation capacity. Coal will remain the basic energy source for years to come, ensuring the country’s energy security as well as jobs,” the government statement reads.

Warsaw is pushing a rescue of Poland's ailing coal mining sector. State-controlled energy companies have been persuaded to invest in new mining group PGG, while regulatory changes have all but halted the development of new wind power facilities in the country.

 

Related Articles

Latvia issues permits to new gas infrastructure holding

The Latvian Public Utilities Commission (SPRK) announced on January 5 that it has issued licences to Conexus Baltic Grid for the transmission and storage of gas. Conexus Baltic Grid will control ... more

Iran to seek arbitration over termination of gas flow from Turkmenistan

The National Iranian Gas Company (NIGC) intends to take its recent gas dispute with Turkmenistan to international arbitration, Mehr News Agency reported on January 4, citing ... more

CEZ ignores Czech finance minister and re-elects CEO

The supervisory board at Czech power group CEZ ignored pressure from the finance ministry to dump the current management, local media report. Finance Minister Andrej Babis has been accumulating ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

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

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

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

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

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.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A 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