Financial Consequences of the Introduction of the Fit For 55 on the Example of Poland

Abstract:

The aim of this study is to present the financial consequences of the introduction of the Fit For 55 regulations. The Fit for 55 is a set of regulations both directives and regulations of the EU, the introduction of which will have direct consequences for citizens of EU countries and entire economies. It should be noted that the EU has already applied numerous regulations affecting the demand and supply of particular fuels and energy sources. However, Fit for 55 is the introduction of more restrictive regulations and higher goals. For most EU countries, this will involve the introduction of new taxes, fees, as well as legal and administrative restrictions, which will undoubtedly result in higher prices of individual goods and services. Moreover, the introduced regulations will lead to the cessation of the use of certain technologies, e.g. internal combustion cars, coal-fired power plants, or restrictions on trading, e.g. in real estate that does not meet specific energy efficiency requirements. The introduced regulations will result not only in changes in the behavior of citizens and enterprises, but above all in the costs associated with adapting to the proposed changes.