The negotiators of the Member States and the European Parliament reached an agreement this week on the creation of a stabilization reserve for EU market for CO2 permits. They worked out a compromise provides that provision will operate from 1 January 2019. Poland wanted to start this new mechanism was set at 2021., As proposed by the European Commission.
Polish diplomats have long fought battle for it to reserve at all or was not created as late as possible. Poland managed to build a blocking minority of the EU Council decision on the matter. As told PAP in Brussels, one of Polish diplomats, a week ago from our camp wykruszyli, however, the Czechs, which opened the opportunity to push through legislation unfavorable to us.
Although a compromise must still be approved by the Member States and the European Parliament virtually no chance of a beneficial change for our country. Approval of the compromise by ministers to be just a formality, is scheduled for June.
The Chairman of the Committee. Industry, Research and Energy Jerzy Buzek told PAP and the Polish Radio that there is no longer much hope for any change in the matter in the European. “In this case I am not optimistic,” – he said.
The caller PAP Polish diplomatic circles in Brussels, however, argues that the built-in agreement to reserve a compensation mechanism for poorer countries, virtually offset the cost of its creation two years earlier than she wanted to Poland.
The compromise concluded by representatives of the EU and the EP predicts that by the end of 2025. will be excluded from the reserve 10 percent. rights. This so-called. Solidarity envelope is to be distributed among the poorest countries in the EU (with a GDP of less than 90 per cent. of the EU average). How many will fall Poland – is not known.
Among the market analysts appeared opinions that since the establishment of reserves (2019.) The price of emission permits will exceed 20 euros per tonne, which will be three times higher than out.
Working in Brussels, the Polish Committee for Electricity rated yesterday that permits a price increase of 1 euro per tonne will be in our country translate into higher electricity costs about 1 euro per megawatt hour.
According to GUS data from 2012. Family of four now consume about 3200 kWh per year. Assuming that the price of permits actually rise to 20 euros, electricity bills for the average Kowalski could be higher by almost 150 zł per year . At the moment it is difficult to predict whether the market actually behaves as some analysts predict. An example might be a lesson, they got EC experts who when introducing emissions trading system predicted the price at 50 euros per tonne, which is 7 times more than now.
The stabilization reserve (market stability reserve – IAS) has through raising the price of CO2 emissions permits to mobilize the industry to achieve the objectives of the EU climate and energy policy and investment in green technologies. Currently, the price of emission permits fluctuates around 7 euros, and it’s definitely not enough to achieve the goals that the Commission established, creating a market for emissions trading.
The provision is automatically “take off” from the market permit if it exceeds the set limit. They come back on the market in the event of a shortage. Since 2008., Among others, by the crisis, the price of permits decreased by 65 per cent. The winner in this energy-intensive industry of most emission fuels such as coal. The situation has however changed when the reserve moves.
The European steel industry association EUROFER rated yesterday that the result of the creation of reserves and referral to the section permits will be a significant increase in their prices even before 2021.
In February, Prime Minister Ewa Kopacz by writing to the Head of the European Commission on behalf of the states that formed a blocking minority on this issue, warned that the early introduction of a reserve may have significant economic, social, and financial implications for Member States.
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