Mateusz Morawiecki, the Polish prime minister, has called for the halt of CO 2 emission allowances prices to help bring down the cost of energy.
Under the EU's long-term greenhouse reduction initiative, the EU ETS, European companies must purchase carbon allowances on the EU carbon market or through the EU ETS auctions to compensate for the excess greenhouse gases they emit.
Poland relies heavily on coal in electricity production, so the EU emission allowances' emission allowances have a big influence on the price of electricity in the country.
For the benefit of citizens, we need to get rid of a lot of CO 2 emission rights, and flood the market with tens or hundreds of millions of rights, Morawiecki said in Prague at an informal meeting of the European Council on Friday. If this happens, we should freeze the price at the level of EUR 20 -- 30. The right to emit a tonne of greenhouse gases costs about 70 euro. The prices of such allowances are influenced by the market.
For months, Poland has been advocating to put a cap on them.
Today I asked for a suspension of the market price-PAP for at least six months if not 12 months, or even two years, according to Morawiecki.