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by Tade0 1034 days ago
Hailing from a coal-heavy EU member state(Poland), the least carbon allowances did was to dissuade investors from financing new coal projects.

There's also a shift to renewables - the public at large especially jumped on it because fossil-genereated electricity simply became expensive and there are government subsidies in place to to further sweeten the deal.

There's a law coming into force soon which will allow apartment blocks to produce more solar energy than they consume and sell it, which wasn't the case to date.

Overall the system is working as intended and the share of renewables went from a low point of 11% in 2018 to 20% in 2022 and the trend is likely to continue considering how many new solar projects are in the pipeline.