1. TOWARDS A GREEN FUTURE: THE POLISH ENERGY MARKET AND THE POTENTIAL OF RENEWABLE ENERGY SOURCES.
- Author
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KUBICZEK, Jakub and PRZEDWORSKA, Kornelia
- Subjects
RENEWABLE energy sources ,GREENHOUSE gas mitigation ,ENERGY futures ,POTENTIAL energy ,MARKET potential ,GREENHOUSE gas laws - Abstract
Purpose: The purpose of the article is to present the current situation in the energy sector in Poland, with particular emphasis on the role of renewable energy sources (RES), and to assess the impact of these investments on the future of the energy sector in Poland. Design/methodology/approach: Secondary research was conducted to characterize the energy market in Poland. Documents from four leading electric power producers in Poland were examined. Findings: Despite the fact that Polish energy sector still heavily relies on coal, the future of the Polish energy sector appears to be closely linked to the development of RES. Leading companies operating in the Polish energy sector have adopted strategies involving significant investments in RES. Research limitations/implications: This study focuses on the power sector and does not take into account investments in RES made by households. Therefore, future research could focus on the energy transition of households in particular, identifying the determinants and constraints of this transition. Practical implications: This paper shows how legal regulations, including CO2 emission restrictions and international commitments, affect the current situation of the Polish energy market and shape its development. These regulations also point out the need to accelerate the country's energy transition in order to increase energy security through diversification of energy sources. Social implications: Large-scale investments in renewable energy sources will contribute to reduction of greenhouse gas emissions, thus, they will have positive effect on the environment. Originality/value: The issue of energy transition is addressed from both a practical and social point of view. The analysis conducted uses the most recent data, thereby providing up-to-date knowledge. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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