Poland demands changes to the EU emissions trading system
21:51
The Minister of Climate and Environment, Anna Moskwa yesterday announced that Poland has submitted a request to the European Commission for a comprehensive reform of the carbon dioxide emissions trading system in the ETS.
"The first action the European Commission should take is to withdraw financial entities from the emission allowance market," the minister believes.
She also pointed out that emission allowances can be traded on speculative platforms, such as Bitcoin, which – in the opinion of the Minister of the Environment – is not conducive to a just transformation.
"We criticize speculation, access by financial institutions, low transparency of this fund and the fact that every European institution is helpless because when we look at the control mechanism, it is never possible to capture such an increase in the ETS that the European Commission or another European institution could intervene. In such a dimension, it does not encourage Polish companies to transform and it does not build a positive image of transformation in societies,” the head of the Ministry of Culture and National Heritage added.
Anna Moskwa emphasized that the criticism was not related to the need for energy transformation, but only to the management of the ETS emissions trading system.
