Press Release: State Aid: Commission authorises allocation of 404.6 million free greenhouse gas emission allowances for modernisation of Polish electricity sector

On 22 January 2014 the European Commission found that Polish plans to allocate free of charge 404.6 million carbon emission allowances for modernising the electricity sector were in line with EU state aid rules. The Polish investment plan included more than 340 investment projects with a total value exceeding €28 billion (PLN 119 billion). Those investments would be partially funded through the allocation of free greenhouse gas emission allowances. The Commission found that the funds granted would be used to modernise production infrastructure, diversify the energy mix or build new installations.