European Commission priorities for 2024-2029. The view from Poland on energy and climate
The upcoming European Parliament elections will open a new chapter in EU climate and energy policy. The new European Commission, which begins its 5-year term in the fall, will have to monitor the implementation of a wide range of files related to the ‘Fit for 55’ package and navigating the Union towards the 2050 goals by setting targets for 2040. It will also certainly propose a new political strategy, as the dynamics of the discussion in the EU is in a state of constant flux. From Poland’s perspective, what new priorities of the European Commission will be most important and gain support and interest?
European Commission priorities for 2024-2029. The view from Poland on energy and climate
The upcoming European Parliament elections will open a new chapter in EU climate and energy policy. The new European Commission, which begins its 5-year term in the fall, will have to monitor the implementation of a wide range of files related to the ‘Fit for 55’ package and navigating the Union towards the 2050 goals by setting targets for 2040. It will also certainly propose a new political strategy, as the dynamics of the discussion in the EU is in a state of constant flux. From Poland’s perspective, what new priorities of the European Commission will be most important and gain support and interest?
Anatomy of Dependence: How to Eliminate Rosatom from Europe
EU countries depend on cooperation with Russia in the nuclear field. This has resulted in Rosatom not being sanctioned after the Russian full-scale invasion of Ukraine, and trade in this sector is growing. This situation is disadvantageous for the EU and increases its vulnerability to Russian blackmail. Moreover, it strengthens the Russian military. The EU should increase its efforts to diversify supplies and build its own capabilities in the nuclear sector.
Anatomy of Dependence: How to Eliminate Rosatom from Europe
EU countries depend on cooperation with Russia in the nuclear field. This has resulted in Rosatom not being sanctioned after the Russian full-scale invasion of Ukraine, and trade in this sector is growing. This situation is disadvantageous for the EU and increases its vulnerability to Russian blackmail. Moreover, it strengthens the Russian military. The EU should increase its efforts to diversify supplies and build its own capabilities in the nuclear sector.
Over the past two years, natural gas has become a high-risk fuel: it is subject to huge price fluctuations and, following the disruption of supplies from Russia, competition for imports of this resource from other sources is increasing. Not long ago, there were plans in Poland to significantly increase the consumption of natural gas throughout the economy - by 75% by 2035. It was supposed to be a transition fuel.
Over the past two years, natural gas has become a high-risk fuel: it is subject to huge price fluctuations and, following the disruption of supplies from Russia, competition for imports of this resource from other sources is increasing. Not long ago, there were plans in Poland to significantly increase the consumption of natural gas throughout the economy - by 75% by 2035. It was supposed to be a transition fuel.
2022 was another year of unexpected events. Russia’s full-scale invasion of Ukraine changed Europe’s approach to fossil fuel imports, particularly from Russia. The resulting energy crisis triggered by high gas prices and the decline in nuclear and hydroelectric production led to record high energy prices across Europe. These events are changing the way European countries look at the energy transition. Meanwhile, the modernisation of the Polish energy sector is still very slow. An overview of the increasingly comprehensive data on the energy sector is published by Forum Energii in the sixth edition of the report ‘Energy Transition in Poland. Edition 2023’.
2022 was another year of unexpected events. Russia’s full-scale invasion of Ukraine changed Europe’s approach to fossil fuel imports, particularly from Russia. The resulting energy crisis triggered by high gas prices and the decline in nuclear and hydroelectric production led to record high energy prices across Europe. These events are changing the way European countries look at the energy transition. Meanwhile, the modernisation of the Polish energy sector is still very slow. An overview of the increasingly comprehensive data on the energy sector is published by Forum Energii in the sixth edition of the report ‘Energy Transition in Poland. Edition 2023’.
The energy crisis has highlighted imperfections in the EU power market. The current rules were created almost 30 years ago with the aim to incentivise large conventional power plants, but they now need to be adapted to new challenges.
The energy crisis has highlighted imperfections in the EU power market. The current rules were created almost 30 years ago with the aim to incentivise large conventional power plants, but they now need to be adapted to new challenges.
Conclusions from the 7th capacity market auction - cleaner, but adequacy remains a challenge
The results of the seventh auction in the Polish capacity market clearly show the dilemma Poland has faced - existing high-carbon (coal) capacity can no longer be supported with this mechanism, while gas is risky due to the geopolitical situation. Although Polish energy companies have not completely abandoned gas projects, fewer appeared in the auction than previously announced. There is also clearly a greater variety of technologies than before - for the first time, contracts were granted to storage. The market is still expensive - for the second year in a row auctions ended in the first round and at the maximum price.
Conclusions from the 7th capacity market auction - cleaner, but adequacy remains a challenge
The results of the seventh auction in the Polish capacity market clearly show the dilemma Poland has faced - existing high-carbon (coal) capacity can no longer be supported with this mechanism, while gas is risky due to the geopolitical situation. Although Polish energy companies have not completely abandoned gas projects, fewer appeared in the auction than previously announced. There is also clearly a greater variety of technologies than before - for the first time, contracts were granted to storage. The market is still expensive - for the second year in a row auctions ended in the first round and at the maximum price.