Poland plans to invest 797 million euros ($960 million) to develop the production and distribution of hydrogen, using the European Union’s economic rescue fund to speed up its shift to clean energy.
The government is finishing work on a plan to tap 58.1 billion euros in EU grants and loans to help recover from the coronavirus pandemic. The bloc’s 750 billion-euro stimulus program is centered around its Green Deal strategy, with more than a third of the funding required to be for climate-related projects.
| THE CLEAN ENERGY COMPONENT OF THE POLISH RECOVERY PLAN INCLUDES: |
|---|
| Heating sector modernization: 388 million euros Housing sector energy efficiency: 3.2 billion euros Improving energy efficiency of schools: 194 million euros Boosting companies’ energy savings and renewables use: 28 million euros Developing hydrogen and other alternative fuels: 797 million euros Power grid expansion for renewables integration: 329 million euros Offshore wind generation: 437 million euros Local renewable energy initiatives: 97 million euros |
The government made green energy the biggest part of its recovery plan, earmarking more than 6 billion euros for boosting low-carbon energy sources and energy efficiency and a similar amount for sustainable transportation. In total, about 38% of the 23.9 billion euros of EU grants available will be spent on climate-linked activities by 2026.