Mateusz Morawiecki, Prime Minister of Poland, blamed record energy prices in the EU on Europe’s over-reliance on gas supplied by Gazprom and speculation in the CO2 allowance market of the EU.
Morawiecki was speaking after a two-day EU summit in Brussels, where the ongoing turmoil in energy markets was one of the key topics on the agenda.
The Polish Prime Minister described what he believed to be the two origins of the crisis.
“The first source is the excessive dependence of the gas market on Gazprom,” he said, “I have warned against this on numerous occasions, so the satisfaction I derive from it now tastes bitter. “
“Unfortunately, it is a fact that Russia and President (Vladimir) Putin use this fuel to dictate prices,” Morawiecki said.
“The second reason is speculation on the EU CO2 allowance market, the so-called ETS market,” the Prime Minister continued.
“This speculation has triggered a rapid increase in emission allowance prices over the past 12 to 18 months,” he added.
High energy prices have undermined the competitiveness of the industry in a number of European countries and hampered their ability to sell their products on world markets, he said.
“It is a very serious problem, because it will result in the disappearance of jobs in Europe in the coming months”, warned Minister Morawiecki.