Poland to receive EUR 50bn for energy transition under new EU deal
Poland will receive up to PLN 230 billion (EUR 50 bn) for the transformation of its energy sector under a new agreement on climate targets struck by European Union member states on Friday.
Polish Prime Minister Mateusz Morawiecki speaking with reporters on Friday, following a two-day EU summit held in Brussels.Photo: PAP/Radek Pietruszka
Polish 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.
“This legislation will allow us to gain funds for energy transformation (…) and help Poland finance large investments,” Morawiecki told reporters on Friday.
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 percent 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.