The prime minister has said speculative trading in CO2 emission rights (ETS)is one of the main factors driving up inflation.
Electricity bills will rise by about 24 percent net and gas bills will surge by 54 percent net next year after Poland's regulator approved new tariffs as power producers struggle with high prices for natural gas and EU CO2 emission rights.
Mateusz Morawiecki, the Polish prime minister, has called for a reform of the EU Emissions Trading System (EU ETS) stating that, if uncontrolled, it can lead to the economic destabilisation of Central Europe.
Mateusz Morawiecki, the Polish prime minister, has blamed the record-high energy prices in the EU on Europe's excessive dependence on the gas supplied by Gazprom and speculation on the market of the EU's CO2 allowances.
Touted as leading example of successful renewable energy strategies, the town of Koło will see the building of a geothermal well and an associated geothermal energy plant, which will move the town away from its dependence on coal and help to improve the town’s air quality.
The Polish cumulative CO2 footprint covered by the EU's emission system ETS declined by 6.84 percent year on year in 2020, the National Centre for Emissions Management has reported.
Poland will need to subsidise its coal-fired power plants given the current high CO2 emission prices in order to prevent increases in household bills, deputy PM and State Assets Minister Jacek Sasin has said.
VIDEO: Pianist/producer Wojtek Szczepanik used 100 percent renewable energy when recording his piano section to offset the 78kg of CO2 in electricity and the 147kg of CO2 used in the complete production.
During Thursday's discussion on climate change at the European Union summit in Brussels, EU leaders expressed the need to become more ambitious in efforts to reduce CO2 emission. They also adopted a Polish request for extensive consultations on the matter.
EU cohesion policy and its funding of gas projects, and the new EU budget dominated Tuesday's online talks between Funding and Regional Policy Minister Malgorzata Jarosinska-Jedynak and EU Cohesion and Reforms Commissioner Elisa Ferreira.
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