Online Panel Discussion

Date: November 30, Time 12.00 to 13.00 CET

Increased CO2 reduction target means increased Transition costs for key Member States

“The higher climate ambition of 55% CO2 reduction requires higher capital investments related to power generation as compared to the current 2030 target. This represents a significant challenge to all Member States and in particular for countries with different starting points and lower GDP per capita” according to Poland’s main power provider, PGE S.A.. Some view the current design of EU financing mechanisms as wholly insufficient to bridge the investment gap which, in the case of Poland, some estimates put at approximately EUR 90 bn of additional investment costs and operational expenses related to an increased CO2 price. Does the EU ETS scheme need to be redesigned to ensure fairness in spreading the costs of the Transition among Member States in order to leave no-one behind?

  • Should the Modernisation Fund be increased?
  • Do we need reformed financing measures?
  • Could a redesign of some of the EU ETS‘ features also be involved?

These are just some of the issues the participants will discuss regarding the state of the EU ETS and how to make sure that it can deliver a Just Transition.

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Adam Guibourgé-Czetwertyński,
Deputy Climate Minister, POLAND

Graduate of HEC Paris and the history faculties of the Paris IV-Sorbonne University and the University of Warsaw. In 2013, he began working at the Ministry of Environment as part of the Climate Negotiators Team at the United Nations COP19 Climate Summit in Warsaw. Previously, he had gained experience in the field of finance in the private sector. In 2015–2018, he headed the Environmental Department at the Permanent Representation of the Republic of Poland to the European Union in Brussels, where he negotiated draft legislation on the environment and climate in Council working groups. In 2018, he served as the chief negotiator of the Polish Presidency of COP24 in Katowice, preparing a package of decisions implementing the Paris Agreement, the so-called Katowice Rulebook. In 2019, he once again became the head of the Environmental Department at the Permanent Representation of the Republic of Poland to the EU.

Hans picture

Hans Bergman
Head of Unit, DG CLIMA

Hans Bergman is an economist from the Stockholm School of Economics. He has worked in the private sector, in the Swedish government, and, since 1995 in the European Commission where he has dealt with environmental, state aid, antitrust and climate policies. He is currently head of the unit “ETS Policy Development and Auctioning” within DG Climate Action


Wanda Buk
Vice-President, Regulatory Affairs, PGE S.A.

Ms. Wanda Buk holds the title of attorney, she graduated from the Faculty of Law and Administration at the University of Łódź, as well as the Faculty of French Business Law at the Université de Poitiers in France. She started doctoral studies at the War Studies Academy. Ms. Wanda Buk has held the position of Undersecretary of State at the Ministry of Digital Affairs since July 2018. She has been managing the Telecommunications Department, Legal Department, International Policy Department and the Office of the Minister. From January 2016, Wanda Buk was the director of the Digital Poland Project Centre. She managed the institution responsible for implementation of European funds earmarked for the digitisation of the country. She worked in a number of law firms, where she implemented infrastructure projects, including ones financed from public funds.


Ondřej Knotek

Regional Development Committee (Shadow on Common Provision Regulation, and Just Transition Fund), Environment, Public Health and Food Safety Committee, Special Committee on Beating Cancer.


Andrei Marcu
Executive Director, ERCST

Mr. Andrei Marcu is the founder, member of the board and Executive Director of The European Roundtable on Climate Change and Sustainable Transition (ERCST). He has vast experience in managing policy-focused organizations, creating partnerships, managing stakeholder relations and fundraising. His focus has been on sustainable development, climate change and energy.


Matthew James (Moderator)
Managing Director, ENERGY POST

Working in energy communications for past 11 years, first as Managing Director of Synergy, organisers of European Utility Week, then, since 2014, at Energy Post. Energy Post is read by over 50,000 energy professionals every month. It is technology neutral, offering a platform for experts from all areas of the energy sector to share their knowledge. The Transition is at the heart of our reports.

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