Poland Cannot Afford to Miss Out on Green Technology

P oland needs to transform its energy sector, build low- and zero-emission sources of electricity and heat production, and eliminate solid fuels from the mix in the heating sector. Experts agree that it is high time coal-fired power stations were replaced by offshore wind farms and nuclear energy, as well as small- and large-scale photovoltaics, with the use of gas as a fuel in the interim.

“Unfortunately, high energy prices have impacted the production costs of aluminium, zinc, and nickel. These metals are crucial for renewable technology, such as solar panels and wind turbines,” said Paweł Strączyński, Vice-President of Bank Pekao S.A. “As a result, further price increases or disruptions in the supplies of those metals could make the energy transition more costly.”