ING
July 1, 2026
Poland's Energy Plan: Big Ambition, Challenging To Deliver
Macro ThematicMacro Economic IndicatorsEnergyUtilities
Poland has officially adopted an updated National Energy and Climate Plan (NECP) targeting a major decarbonization transition by 2040. While the strategy is technically robust, its delivery faces material implementation risks, including political cycles, financing gaps, and infrastructure bottlenecks.
Key Takeaways
- 1.Poland has adopted an ambitious NECP strategy targeting major decarbonization through renewables and nuclear power by 2040.
- 2.Implementation faces significant risks including political uncertainty, potential supply bottlenecks, and a lack of clear financial planning.
- 3.A total of €684bn in energy-related investment is estimated through 2040, requiring a massive acceleration in grid modernization.
Table of Contents
- Government adopts update to National Energy and Climate Plan
- Our main conclusions from the ambitious WAM scenario
- Improving energy efficiency
- Electrification and a step-change increase in electricity-grid investment
- Changing the energy mix to a low-emission one
- Electricity generation costs
- Local content
- Main implementation risks
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Authors
Leszek KasekRafal Benecki
Themes
DecarbonizationEnergy TransitionEU Carbon PolicyInfrastructure Investment
Regions
EuropePoland
