Climate Adaptation
Poland’s Top Power Company Will Cling to Coal for Decades
- PGE CEO seeks more funding from EU for shift to renewables
- Polish energy industry is facing mergers and acquisitions
Photographer: Bartek Sadowski/Bloomberg
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Poland may take 25 years to scrap the most polluting fossil fuel, longer than the transition the European Union is seeking in its bid to zero out greenhouse-gas emissions.
The country’s top power producer PGE SA is unable to move faster because of technological constraints, job concerns and lack of financing, according to Chief Executive Officer Wojciech Dabrowski. The company expects the EU to help mobilize green investment, particularly at a time when the coronavirus pandemic leads the bloc into a deep recession.