Tag:
Financing
Electrification for energy security. How Poland can reduce its dependence on fuel imports?
Poland’s economy is one of the least electrified in the European Union and, under current government plans, it is set to remain so. The newly published Electrification Action Plan proposes an EU-wide electrification rate target of 46% by 2040. In the same period, Poland, however, assumes that its rate will reach just 26.3%. This would be the lowest level of electrification in the EU, entrenching the country’s dependence on imported fuels and energy. An accelerated pathway for electrifying industry, transport, and heating could bring Poland closer to the EU target and, above all, strengthen its resilience to external price shocks while reducing energy consumption by 15%.
21 minutes minutes
Electrification for energy security. How Poland can reduce its dependence on fuel imports?
Poland’s economy is one of the least electrified in the European Union and, under current government plans, it is set to remain so. The newly published Electrification Action Plan proposes an EU-wide electrification rate target of 46% by 2040. In the same period, Poland, however, assumes that its rate will reach just 26.3%. This would be the lowest level of electrification in the EU, entrenching the country’s dependence on imported fuels and energy. An accelerated pathway for electrifying industry, transport, and heating could bring Poland closer to the EU target and, above all, strengthen its resilience to external price shocks while reducing energy consumption by 15%.
21 minutes minutes
Just transition: what number to call?
Polish coal regions are the largest beneficiary of the EU's Just Transition Fund. This is a new instrument of the Cohesion Policy, supporting the achievement of the EU's energy and climate goals between 2021 and 2027. However, the future of the Fund in the next EU budgetary perspective is uncertain. Its continuation should be one of the priorities for the Polish government, and the upcoming Polish presidency is a perfect time to discuss it with the European partners. In the meantime, while there are many ministries in Poland responsible for energy sector, there is virtually no one responsible for a just transition. What is there to lose?
12 minutes minutes
Just transition: what number to call?
Polish coal regions are the largest beneficiary of the EU's Just Transition Fund. This is a new instrument of the Cohesion Policy, supporting the achievement of the EU's energy and climate goals between 2021 and 2027. However, the future of the Fund in the next EU budgetary perspective is uncertain. Its continuation should be one of the priorities for the Polish government, and the upcoming Polish presidency is a perfect time to discuss it with the European partners. In the meantime, while there are many ministries in Poland responsible for energy sector, there is virtually no one responsible for a just transition. What is there to lose?
12 minutes minutes
Poland's support in the energy crisis. Last call for NRP
If Poland does not come to an agreement on the NRP in the coming months - it will be too late for sensible spending of the money available to the country. By the end of June, the Polish government may present to the European Commission changes to the spending plan for the National Recovery Plan - completed with investments to increase resilience to the energy crisis. Consultations with the EC are just starting. This is the last bell for Poland to reach for loans and grants under the the Recovery and Resilience Facility and the REPowerEU plan. How to change the Polish NRP to make it a practical response to the energy crisis?
6 minutes minutes
Poland's support in the energy crisis. Last call for NRP
If Poland does not come to an agreement on the NRP in the coming months - it will be too late for sensible spending of the money available to the country. By the end of June, the Polish government may present to the European Commission changes to the spending plan for the National Recovery Plan - completed with investments to increase resilience to the energy crisis. Consultations with the EC are just starting. This is the last bell for Poland to reach for loans and grants under the the Recovery and Resilience Facility and the REPowerEU plan. How to change the Polish NRP to make it a practical response to the energy crisis?
6 minutes minutes
Cutting energy bills before winter (toolbox)
The upcoming winter will be difficult for many Polish households due to high costs of heat and electricity. In the latest report by Forum Energii, more than 30 concrete measures are listed. They can be implemented easily and at a low (or even none) cost before the heating season. This will reduce bills and improve the country's energy security.
4 minutes minutes
Cutting energy bills before winter (toolbox)
The upcoming winter will be difficult for many Polish households due to high costs of heat and electricity. In the latest report by Forum Energii, more than 30 concrete measures are listed. They can be implemented easily and at a low (or even none) cost before the heating season. This will reduce bills and improve the country's energy security.
4 minutes minutes
RRP: The bare minimum for over €9bn
With one year delay the national Recovery and Resilience Plan (RRP) is entering Poland. So far, the discussion around the RRP has focused primarily on money. Meanwhile – and this is particularly evident in the area of energy transition – the RRP is an instrument that has mobilised the Polish government to work out the necessary reforms, involving an in-depth analysis of challenges ahead, assessment of specific solutions, and necessary legal changes, all within specific timeframe. Investment support – although crucial – plays a secondary role in accelerating the implementation of reforms.
10 minutes minutes
RRP: The bare minimum for over €9bn
With one year delay the national Recovery and Resilience Plan (RRP) is entering Poland. So far, the discussion around the RRP has focused primarily on money. Meanwhile – and this is particularly evident in the area of energy transition – the RRP is an instrument that has mobilised the Polish government to work out the necessary reforms, involving an in-depth analysis of challenges ahead, assessment of specific solutions, and necessary legal changes, all within specific timeframe. Investment support – although crucial – plays a secondary role in accelerating the implementation of reforms.
10 minutes minutes
Whom to ask how Poland spends billions from the Modernisation Fund?
The European Union has decided to allocate 2% of the allowances from its emissions trading system (EU-ETS) for support to poorer countries in their energy transition. Since 2021 this money is transferred to Poland, among others. The local operator – the National Fund for Environmental Protection and Water Management – has been distributing the funds without adequate public scrutiny and information. A year after taking charge of the Modernisation Fund, there is no transparent website to adequately inform society and potential applicants on what and how over EUR 11 bn (PLN 50 bn) is to be spent (and a further increase is on the table). This article deals with the consequences of the current flaws in this process and why their removal is so important for Poland.
18 minutes minutes
Whom to ask how Poland spends billions from the Modernisation Fund?
The European Union has decided to allocate 2% of the allowances from its emissions trading system (EU-ETS) for support to poorer countries in their energy transition. Since 2021 this money is transferred to Poland, among others. The local operator – the National Fund for Environmental Protection and Water Management – has been distributing the funds without adequate public scrutiny and information. A year after taking charge of the Modernisation Fund, there is no transparent website to adequately inform society and potential applicants on what and how over EUR 11 bn (PLN 50 bn) is to be spent (and a further increase is on the table). This article deals with the consequences of the current flaws in this process and why their removal is so important for Poland.
18 minutes minutes
