WARSAW: Poland's energy minister Krzysztof Tchorzewski asked the European Commission on Monday to intervene on the carbon permits market due to surging CO2 prices, the ministry said.Carbon permits traded under the EU's Emissions Trading System (ETS) have become the commodity showing the biggest price rise this year, leading to a significant increase in production costs for Polish utilities, which generate most of their power using polluting coal.
"A stable functioning of the ETS market has a significant importance for Polish energy sector, which is based on coal to a big extent," Tchorzewski said in a statement.
"We expect the Commission to take decisive steps."
The minister said this month that the Commission has a number of tools it can use to intervene, including releasing extra permits.