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Electricity – prices. The EU’s energy transformation, Adam Glapiński comments

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The permanent increase in energy prices is a very serious problem – said the President of the National Bank of Poland, Adam Glapiński, during the Thursday press conference. In his opinion, the implementation of the ambitious climate goals proposed by the European Commission means a loss of competitiveness of the Polish economy. In mid-July, the European Commission adopted a package of solutions called Fit for 55, the purpose of which is to combat the climate crisis.

Adam Glapiński said on Thursday that “we are in a very difficult situation due to the energy transformation policy of the European Union.” – It mainly concerns us, it is extremely painful for us, although for all European Union countries it means very significant additional costs, although also significant revenues, and means a very significant deterioration of the competitiveness of the European economy in relation to the rest of the world – assessed the President of the National Bank of Poland.


Glapiński on the EU’s “climate ambitions”

– If these, let’s call them ambitious climate ideas, are implemented, if these climate ambitions are implemented, (…), Poles will pay more and more for energy, from year to year, and the Polish economy will lose competitiveness from year to year – he said Glapiński.

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In his opinion “this is the price of the green revolution”. – Every revolution has a price, sometimes a bloody one. This green European revolution has such a character that Poles will pay the most brutally and ruthlessly here, and it concerns the standard of living of Polish families, because our economy is based on coal – he added.

In Glapiński’s opinion, this is a “strange revolution” because it consists in developing energy production from gas at the expense of coal, ie “CO2 production and also environmental pollution”. – This is the idea that the energy produced in Germany from Russian gas is to replace the energy that we produce from coal. We will pay a lot for it – he emphasized.

According to the President of the National Bank of Poland, “the plan of the European Commission includes an increase in energy prices, especially for coal”. – This is not a coincidence, it is not a bug. This process will last for several dozen years until we reach a state of green happiness – summed up Adam Glapiński.

Fighting the climate crisis

In mid-July The European Commission has adopted the package proposals to reduce greenhouse gas emissions by at least 55 percent by 2030 from 1990 levels. “Achieving these emission reductions in the next decade is crucial for Europe, which will become the world’s first climate-neutral continent by 2050 and make the European Green Deal a reality,” reads the EC statement.

“The proposals will make it possible to accelerate the reduction of greenhouse gas emissions in the next decade. They include: the use of emissions trading in new sectors and the tightening of the existing EU emissions trading system; increased use of renewable energy” – enumerated the Commission.

We require a lot from our citizens, but also from companies. For a good purpose. We want humanity to avoid wars for water and food – he said in an interview published shortly later in Rzeczpospolita Frans Timmermans Executive Vice-President of the European Commission for the Green Deal. He also stressed that the aim of the package proposed by Brussels is to combat the terrible consequences of climate change.

One of Poland’s problems in this context is its strong dependence on coal (we produce 70% of our energy from it), as well as a very slow resignation from this source in electricity production. There is an announcement in the agreement of the government with the miners shutdown of steam coal mines by 2049.

The dependence of the energy sector on coal also means higher costs that companies pay for CO2 emissions to the atmosphere. The certificates already cost a record over EUR 62 per ton. “The stock exchange quotations of electricity increased by nearly 40 percent during the year and are the highest in history. This will translate into an increase in rates for households in 2022” – wrote the industry portal Wysokienapiecie.pl a few days ago.

Jacek Sasin, Deputy Prime Minister, recently spoke about the increase in electricity prices. – Commercial law companies cannot contribute to their business, they must also invest so that energy prices can be lower in the future. The inevitable logic is that this increase (in electricity prices) must take place – he told journalists in the sidelines of the Economic Forum in Karpacz.

Emission reduction plan in the European UnionPAP / Maciej Zieliński

Main photo source: TVN24

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