Poland prioritizes cheap power in shift away from coal
Poland is prioritizing low-cost electricity as it revamps its energy policy and shifts away from its reliance on coal-fired generation, the nation’s environment minister said. Marcin Korolec said he’d like to phase out subsidies for both clean power and fossil fuels, though the country must also replace aging power stations including some that are more than 40 years old. “We are in quite a big crisis,” Bloomberg quoted Korolec as saying Wednesday at a Bloomberg New Energy Finance conference in New York. “We need new investment, but we are living in this paradigm of expensive energy prices. We are facing tremendous questions”, Korolec said. “Maybe we have to introduce a phase-out of energy subsidies in all areas, a phase out of fossil fuel and also renewable energies and concentrate on those technologies which are commercial,” he said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.