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The Warsaw Voice » Business » August 28, 2018
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Power giant CEO on EU policy
August 28, 2018   
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Filip Grzegorczyk
The EU policy aimed at hiking CO2 emission rights prices as a way of achieving lower emission goals may backfire as it "strangles" the firms that have to make the transformation, power utility Tauron CEO Filip Grzegorczyk told PAP.
Grzegorczyk called recent steep rises in prices of CO2 emission rights a "continuous attempt at a very intensive enforcing of power transformation" toward lower emissions, but warned it might backfire.
"I'm afraid it is completely counterproductive," Grzegorczyk said, warning that the high CO2 cost is "strangling" the very entities that should conduct the transformation.
The power sector should not become subject to a revolution and soaring CO2 process are a revolution, the official noted.
The rising CO2 prices may affect the whole Polish economy, as rising electricity prices could affect investment decisions, Grzegorczyk warned.
CO2 emission rights prices soared from EUR 6/ton at end-2017 to EUR 20/ton in August 2018 and could even reach EUR 25/ton at end-year, Grzegorczyk said.
Tauron had warned its CO2 cost burden could double in H2 from the H1 level.
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