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Poland Warns Of Drying Funds For Clean Energy Projects
28 Apr, 2020

The economic slowdown caused by the COVID-19 pandemic will make it “more difficult” to reach Europe’s long-term climate objectives, Poland said in a paper circulated to other EU countries ahead of an informal video meeting of energy ministers on Tuesday (28 April). The paper, obtained by EURACTIV, said that the coronavirus crisis “may lead to undermining energy security and the speed of clean energy transitions”.

“We can already see delays in the implementation of energy projects caused by the disruption of supply chains,” the paper said, warning of drying investments in renewable energy as a result.

Border shutdowns decided at the beginning of the virus outbreak have disrupted the energy sector, causing the oil price to crash, and disrupting value chains in clean energy technologies such as wind and solar.

Source: https://www.euractiv.com/section/energy-environment/news/poland-warns-of-drying-funds-for-clean-energy-projects/