Poland to bear costs associated with sticking to coal-based energy

 Even if Poland blocks the EU’s Green Deal concept, it will not avoid costs associated with its dependence on coal-based energy, Dziennik Gazeta Prawna daily wrote. The newspaper indicates that in the future Poland will pay dearly for carbon dioxide emission permits, whose price will increase significantly.
“In addition, it will be increasingly difficult to obtain financing for fossil fuels,” DGP journalists emphasized.
The European Green Deal is to tighten climate goals (by 2030, the reduction of greenhouse gas emissions will increase from 40% to at least 50%). This will also involve, among other things, a revision of the emissions trading system, new tax policy, and new climate law.
For Poland, the implementation of such a scenario means high costs, estimated at up to €500 billion. Still, the Energy Forum calculated in 2017 that maintaining the dominant role of coal in the energy sector is the most expensive option for the country in the 2050 perspective. DGP provides concrete estimates: “its cost is over €550 billion, and after 2030 it will grow sharply.”
(PAP)