Poland to not receive EU subsidy to modernise coal-fired power plants

  • Michaela Ceklová
  • 16.11.2017 08:51

Bulgaria and Romania have the opportunity to use financial subsidies from an EU fund to modernise their coal-fired power stations, EU representatives agreed on Thursday 9 November. Poland, whose industry is dependent on coal-fired power plants, will not receive any subsidies.

As part of the EU Emission Trading System's (ETS) reform, subsidies from the EU Modernisation Fund were discussed. EU institutions could not agree on the ideal finance allocation tool, the European Parliament views financing fossil fuels negatively, while the EU Council sought a compromise between all member states. Poland, like other Eastern European countries, has voted in favour of using the fund to finance coal-related projects. Poland will not receive funding due to its high GDP, the financial contribution is only available to countries with GDP below a certain percentage of the EU average. Poland will thus need to either increase its own investment into the modernisation of coal-fired power plants or switch to other energy sources. Even considering that existing coal-fired power plants will be modernised, Poland will not be able to meet European emission reduction requirements and will have to increase the share of clean energy, such as nuclear energy, in its energy mix.

About author: Michaela Ceklová

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