In a non-paper circulated among EU member states ahead of Thursday's EU Council meeting, Poland said that in the light of rising energy prices in Europe the Fit for 55 legislation, which aims to cut the bloc's emissions by at least 55% before the end of the decade, should be revised.
The document said:
- Any elements of the package that could have a negative impact on energy price should be analyzed, revised or postponed
- The surge in energy prices has a direct impact on all EU citizens and comes at a particularly high socio-economic cost, especially for the most vulnerable households, while the EU is still dealing with the profound economic fall-out caused by the COVID-19 pandemic
Meanwhile the head of Poland's governing Law & Justice party said events since EU Member States agreed the Fit for 55 legislation in July had changed, and it was no longer acceptable.
Kaczynski said in an interview with the pro-government weekly, Gazeta Polska, published Oct. 20:
- We agreed to some solutions because in return we negotiated, for example, funds that are of great importance to our country
- Let me be completely clear. I think that when it comes to climate issues, reality quickly repudiates different theses
- After the Russian action concerning gas, the creators and advocates of this Fit for 55 have, to put it mildly, made themselves look ridiculous
- Energy prices have hit many EU countries with such force that their citizens simply will not agree to raise them further in the name of some unproven theories
- The scale of the rise in price is unprecedented, with more than twelve-fold year-on-year growth
- This is much more than the rise in oil prices during the 1970s oil crisis
In October, only about 30% of Yamal's capacity was booked, he said.
The EC's narrative that high energy prices pointed to EU overdependency on fossil fuels, and the need to speed up investment in renewables, was not convincing to those member states pushing back on an accelerated energy transition, Giorgio Corbetta of advisory firm Global Counsel told S&P Global Platts Oct. 15.
Some concessions may be needed, with the easiest file to compromise on potentially being outside of the Fit for 55 package, namely state aid, the inclusion of natural gas and nuclear in the taxonomy, and the review of the gas market, Corbetta said.