JOURNAL ARTICLE
Poland Wants to Speed Up Coal Farewell Under New Government.
Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Barteczko, Agnieszka; Martewicz, Maciej 3 of 3
Abstract
Poland's incoming government plans to accelerate the country's transition away from coal and increase the use of renewable energy sources. The ruling coalition aims for renewable energy to account for 68% of energy production and wants to ban coal in household heating by 2030. The new government also aims to completely phase out coal by 2040 and make Poland carbon neutral by 2050. This is a departure from the outgoing Law and Justice party, which wanted to keep coal until 2049. Poland, the EU's most coal-reliant member, currently generates 70% of its electricity from fossil fuels. The new government plans to invest in offshore wind and nuclear power to replace coal-fired plants. The incoming coalition also plans to prioritize protecting consumers from high energy prices and is considering freeing up investment in onshore wind and restoring a mandatory rule for energy companies to sell electricity via an exchange. The new government is expected to take office in mid-December. [Extracted from the article]
Additional Information
- Source:Bloomberg.com. 2023/11, pN.PAG
- Document Type:Article
- Subject Area:Mining and Mineral Resources
- Publication Date:2023
- Accession Number:173895500
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