Cookies on the ICIS website

close

Our website uses cookies, which are small text files that are widely used in order to make websites work more effectively. To continue using our website and consent to the use of cookies, click away from this box or click 'Close'

Find out about our cookies and how to change them

Poland faces domestic pressure on policy

27 Apr 2012 17:56:13 | edcm

Polish environmental groups backing EU climate policy say emission trading could earn the country zlotych (Zl) 45bn (€11bn) between 2013 and 2020, in a bid to put pressure on the government to change its stance.

Poland is the only EU member state to openly oppose further emissions reduction targets beyond 2020, and is also against the EU's plan to set aside a portion of EUAs to shore up the carbon price (see EDCM 8 March 2012). But the government's opposition enjoys strong popular support, according to a local source. "Only non-government organisations are in favour of the set-aside [in Poland] - we try to put the pressure on them in meetings, but it hasn't yielded any results for us, so we are not optimistic," a Climate Coalition spokeswoman said on Friday. The Climate Coalition calculation assumes EU allowances (EUAs) to cost €12.00/tonne of carbon dioxide equivalent (tCO2e) between 2013 to 2020, or phase III of the EU Emissions Trading System (ETS). However, amid a glut of oversupply and depressed demand, the last closing price for the benchmark was €7.35/tCO2e and analysts have forecast prices below €5.00/tCO2e. KB

Other Options