Climate summit compromise to allow for Polish energy sector investments

The compromise negotiated at the recent EU climate summit will allow Polish energy companies to continue their PLN 100 billion investment program planned until 2020, Treasury Minister Włodzimierz Karpiński told the Polish Press Agency. “From the point of view of the energy sector it was necessary to adopt mechanisms that would minimize the risk of electricity price growth and at the same time allow for modernization. And this was achieved,” Karpiński said. “After 2020 the Polish energy sector will have access to a pool of free carbon dioxide emission allowances. This is real money for our economy.”