Changing the fuel source of a planned 1-GW power plant in Ostrołęka in northeast Poland, known as Ostrołęka C, from coal to natural gas may delay the project. Ostrołęka was said to be Poland’s last new coal-fired plant, but it has been criticized by environmentalists. and analysts.
Rapidly growing share of renewable energy sources in the production of electricity is turning the energy industry upside down. Some claim that this will lead to a catastrophe, large scale power outages known as “blackouts”. Others say that there is a bright future ahead of us.
French President Emmanuel Macron had warned in late 2019 that any country not signed up to ambitious climate plan for 2050 pact would not get financial assistance, with Poland still maintaining its objections and refusing to endorse the climate-neutral target.
After the release of the TV series “Chernobyl”, the attention of viewers was drawn to the ecological disaster that happened many years ago in Ukraine. Still ecological concerns have been losing the battle with political and business interests in Ukraine.
The UK insurance company Aviva is the second-largest investor in the Polish coal industry, investing GBP372m (EUR415m), more than any other insurance company apart from Dutch firm Nationale Nederlanden.