Poland
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World must invest $8 trillion in renewables by 2030 to meet COP28 goal
Investment of as much as $8 trillion in renewable energy and half of that in grids and storage is required to meet the goal of tripling renewable energy capacity by 2030, as agreed at COP28 in Dubai in December.
Polish economic growth picks up to 1.7% y/y in Q4, flash estimate shows
Polish GDP expanded 1.7% year on year in the fourth quarter, (chart) picking up versus a gain of 0.3% y/y in the preceding three months, seasonally adjusted data from the Central Statistical Office (GUS) showed in a flash estimate on February 14.
Polish farmers to step up protests by “complete blockade” of Ukrainian border
Protests put Poland’s government in a precarious position ahead of local elections in April.
Warning of new ice age in Europe as currents in the Atlantic approach a catastrophic tipping point
The currents that circulate in the Atlantic are approaching a “tipping point” that will change the way water flows around the oceans of the world, which will have a catastrophic climate impact on countries around the world.
Tusk says PiS government “100% purchased and used” Pegasus spyware
Ruling party claims its onetime election chief was spied on, as well as former prime minister Mateusz Morawiecki.
EU may sanction Chinese companies for the first time for facilitating Russia’s flourishing trade with friendly countries
The EU is contemplating the unprecedented step of imposing sanctions on three Chinese companies alleged to be aiding Russia's military actions against Ukraine, Bloomberg reports.
Hydrogen production and demand to grow in 2024, but only slowly
Hydrogen production and use are expected to grow in 2024, but it remains very expensive to produce and transport, making progress slow.
Tusk visits Berlin to fix ties as risks of Trump’s return looms larger
Polish premier’s meetings with German Chancellor Olaf Scholz and French President Emmanuel Macron will enable Tusk to announce Warsaw’s return to the centre of EU politics.
Oil and gas companies to invest over $1 trillion in the next decade expanding production
A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.
Earth has already passed 1.5 degrees warming, says study
The Earth may have passed 1.5 degrees Celsius of warming and in fact could soon reach 2 degrees, say international researchers who studied 300-year-old sea sponges in the Caribbean.
Poland’s political stand-off could hurt budget consolidation, says Fitch
Rating agency says level and frequency of confrontation has exceeded its expectations and is starting to affect policy implementation.
Orlen sold Lotos assets for at least €1.15bn below market value, state auditor says
Warsaw-listed fuels and energy giant Orlen sold assets of peer Lotos PLN5bn (€1.15bn) below their market value, according to a report by the state audit body NIK.
New Polish government dismisses Orlen chief as clean-up after PiS continues in state companies
Investigations launched into sell-off of assets in Lotos merger, and company’s lowering of fuel prices before the election last year.