The transformation could cost 240 billion euros by 2030

The energy transformation bill in Poland may reach EUR 240 billion by 2030. The European Commission’s proposal on CBAM, a mechanism for adjusting prices at the borders taking into account CO2 emissions, solves one issue, but opens up another – said Izabela Kloc (PiS), ECR MEP, during a debate in Brussels.

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IN Brussels a conference co-organized by Bussines took place on Tuesday & Science Poland and the EKR group “CBAM and competitiveness: mission impossible?”.

The CBAM proposal assumes that importers from EU they will buy carbon certificates corresponding to the carbon price that would have been paid if the goods had been produced in accordance with EU rules. Conversely, where a non-EU producer can show that he has already paid the price for the carbon dioxide emitted in the production of the imported goods in a third country, the relevant cost can be fully deducted for the importer. CBAM is intended to reduce the risk of carbon leakage by encouraging producers from non-EU countries to green their production processes.

Kloc MEP (PiS), who is the rapporteur for the opinion of the Committee on Industry, Research and Energy (ITRE) on CBAM, emphasized at the conference that critical comments should be heard on this issue. energy transformation and that it will use its best endeavors to reflect the concerns of interested parties.

The bill of energy transformation in Poland may reach EUR 240 billion by 2030. “

The estimated bill of the energy transformation in Poland may amount to EUR 240 billion by 2030. And this is no small thing, as some participants in Friday’s climate protests might imagine. I have to say that the European Commission’s CBAM proposal resolves one issue but opens up another

– she said Block.

Dr Peter Botschek, director of industrial policy and competitiveness of the European Chemical Industry Council CEFIC, underlined that the chemical sector sees the good intentions behind the proposal, but also sees the limitations, especially with regard to the supply chain and indirect emissions. He also presented the position of the chemical sector:

According to the CEFIC analyzes of the impact of CBAM on the five main chains, the best option to remain competitive is either a measure that addresses the problem of exports, or a separate system implementing the so-called climate taxes in Europe.

Cillian O’Donoghue, Director Energy and Climate Change EUROMETAUX (European Non-Ferrous Metals Association), stated that “CBAM has been presented as an alternative to existing measures to prevent carbon leakage, without a real solution to exports.”

This leads to a negative impact on the competitiveness of the non-ferrous metal sector. Given that the sector relies on electricity, we must maintain a system of indirect cost compensation until 2030. Without this, the sector will not be able to compete. This can be seen, for example, in the production of silicone, where one third of production is exported, and the cost of CO2 is above EUR 900 per ton, which is nearly half the price of a ton of silicone on world markets. Without compensation, the export of silicone would simply cease to exist

Added O’Donoghue.

“Model of climate contributions”

Prof. Karsten Neuhoff, head of the Climate Policy Department at the German Institute for Economic Research, said that the EU should not allow CBAM implementation to be delayed and free allowances extended, as this would delay investment in climate neutrality and recycling. On the other hand, he noted that too fast a move towards CBAM, without an auction system, was leading to an increase in costs. ” He proposed “a model of climate contributions, which consists in leaving the system unchanged ETS with free allowances, adding climate taxes, calculated at the level of ETS indices and prices, and paid by EU producers and importers. ”

These funds would create a Fund to finance decarbonisation activities. In the case of export, the fees could be compensated, thus solving the problem of competition in global markets

He explained.

According to Tomasz Włostowski from the BSP, European Commission seems to be underestimating the threat to European industry from the potential loss of free allowances.

The importance and share of export markets grows when the EU market stagnates or diminishes in share. Further cost increases for domestic producers, further exacerbated by the loss of export markets and free allowances, will have a further negative impact on competitiveness, notwithstanding the short-term effect of CBAM on imports

– Włostowski pointed out.

a / PAP

About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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