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Financing Nuclear Energy in Poland

December 9, 2024 Category: Technology Work Area: Advanced Nuclear

Decarbonising Poland’s economy requires a comprehensive, sector-specific approach. Assessing all viable clean energy solutions – while also considering supply chains, land availability, social license, infrastructure needs, critical raw materials, the availability of alternative options, and geopolitical shifts, among other factors – is vital to further reduce dependencies on third world imports and thus enhancing energy security. The uncertainties of a multipolar world underscore the need for a diversified solutions portfolio: over-reliance on a narrow set of technologies is inherently risky in case of major disruptions or a lack of availability of certain fuels or technologies, which could hinder the energy transition.

Scaling up nuclear energy has been recognised as part of the solution for Poland’s transition to a zero-carbon economy by 2050. Achieving this goal requires robust and transparent financial models, effective risk management strategies, and proactive public communication. Learning from international experiences with these undertakings and adapting them to local contexts are key in overcoming the challenges inherent in this significant energy transition.