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The proportion of Poland’s energy that comes from renewable sources has fallen since 2012 while people who invested in the industry, many of whom took out huge loans, “are in trouble,” writes Rzeczpospolita.
The reason for this fall is the slump in the carbon credit trading market, which during the last year has seen a 40 per cent fall in prices in these green certificates given to firms investing in renewable energy and which can be traded with other energy companies as part of the CO2 reduction scheme.
According to the Energy Regulatory Office (URE), Poland’s system for promoting renewable energy is expensive and does not work as it has not led to a “permanent increase” in the proportion of electricty coming from renewable sources, and may mean the nation misses the EU goal of having 15 per cent of the country’s energy needs produced by renewable sources by 2020.
A conversation with investigative reporters Stefano Valentino and Giorgio Michalopoulos, who have dissected the dark underbelly of green finance for Voxeurop and won several awards for their work.
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