Poland to receive EUR 50 bln for energy transition under new EU deal

Green Energy

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Poland will receive up to PLN 230 billion (EUR 50 billion) for the transformation of its energy sector under a new agreement on climate targets struck by European Union member states, according to a report y Polish Radio's IAR News Agency.

Prime Minister Mateusz Morawiecki said that his country's negotiation goals had been achieved. Under the deal, Poland will obtain additional funds from Brussels to mitigate the costs of moving to greener energy, he said.

Following a two-day summit in Brussels, including talks through the night, EU leaders reached a long-awaited agreement on tougher targets for curbing emissions. The 27 member states pledged to cut greenhouse gas emissions by at least 55% by the end of the decade compared with 1990 levels, a measure in line with the bloc's earlier commitment to achieve climate neutrality by 2050.

Initially, the plan met with strong opposition from coal-reliant central European countries, including Poland. Warsaw, however, agreed to make concessions in return for extra funds. Following the summit, Morawiecki said the agreement took into account the country's economic system and market conditions in its energy sector.


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