Poland suffers greater emission prices in comparison with EU friends
The price of producing one megawatt of power in Poland is 3 times greater than the EU common because of the nation’s heavy reliance on fossil fuels, the Polish Financial Institute (PIE) has reported.
EU international locations should buy CO2 emission certificates, referred to as EU ETS, to compensate for the emissions they produce. Yr up to now, the typical worth of EU ETS has been near EUR 84 per tonne.
In Poland, the price of producing one megawatt of power is about PLN 280 (EUR 59) as most of Poland’s power comes from coal. That is 3 times greater than the typical of all of the 27 EU member states. In comparison with France, the associated fee is 12 instances greater. For Germany, the associated fee is 3 times decrease than in Poland, PIE, a authorities think-tank, mentioned in a report on Saturday.
Sweden is the cleanest power producer within the EU, with solely a 2-percent share of fossil fuels in power manufacturing.
In Central and Jap Europe, Slovakia is the chief as 53 p.c of its power comes from nuclear sources and is adopted by Latvia, which produces 47 p.c of its power from hydropower.
Costs of the EU emission certificates have remained comparatively secure in 2022 after a steep rise in 2021, once they elevated from EUR 33 per tonne of CO2 in early January 2021 to EUR 80 on the finish of 2021.