Poland may have a reputation as a climate sceptic, but by at least one measure it is building back better than most. Nonetheless, it will need to match EU recovery funds with strong climate policies to really break away from coal.
Warsaw has largely stopped trying to block or slow down the energy transition at EU level. Instead, it is now trying to secure funds to finance it.
The tide is fast turning for the coal-fired power sector, even in its Asian redoubts, but driving it off the grid fast enough to meet climate targets remains a tall order.
Greece’s ambitious plans to exit lignite make it a front runner among coal regions in Europe, but its energy transition must avoid creating new stranded assets in natural gas while ensuring economic and social benefits.
As MEPs and governments thrash out the details of the Just Transition Fund, it is important they ensure the fund helps deliver on the target of a 55% cut in emissions by 2030.
By some measures, bank lending to fossil fuel projects and companies continues to rise. Will growing climate risk awareness and regulatory intervention turn the tide?
Analysts say Prime Minister Morawiecki’s latest evasion of the 2050 net-zero goal is no real victory for Warsaw.
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