Poland Seeks to Rethink, Not Quash Coal Spin-Offs, Minister Says.

Poland is looking to revise its plans for utilities to separate their coal assets, rather than completely eliminating them, according to the country's State Assets Minister. The previous administration failed to implement a plan to move coal assets to a separate entity, and the current government's intentions regarding coal mines and power plants are unclear. The minister emphasized the need for a comprehensive plan and stated that resolving the issue is a priority. Poland's energy transition, estimated to cost over $300 billion, relies on external financing, but banks are hesitant to participate without a clear plan to phase out coal. The government must consider power demand, costs, the environment, and the interests of affected communities and workers when deciding the future of coal units, which currently provide over 60% of Polish electricity. [Extracted from the article]