Title:

Financing of fossil fuel companies by Polish banks

Group publication title:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Title in english:

Finansowanie przedsiębiorstw sektora paliw kopalnych przez banki w Polsce

Creator:

Korzeb, Zbigniew ; Niedziółka, Paweł

Subject and Keywords:

bank ; fossil fuel sector ; climate change ; sustainable development ; sektor paliw kopalnych ; zmiana klimatu ; rozwój zrównoważony

Description:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2022; vol. 66, nr 1, s. 59-73

Abstrakt:

The aim of this paper was to verify the hypothesis regarding the positive impact of the changes in credit policies declared by banks in Poland on energy transition by limiting in an absolute sense the exposures to coal-based energy companies. The paper uses a simulation method for the payback period of debt financing, enhanced by scenario analysis. The analysis of the payback period of the interest-bearing liabilities indicates a horizon that will not exceed seven years from the end of 2020. This is consistent with the banks’ declarations as to when they will stop financing coal-fired power generation, but this will happen on condition that the energy companies significantly reduce their capital expenditure (actually to the level of replacement expenditure). This scenario, however, rules out a transformation of these concerns to become producers of energy from a broad spectrum of sources, and a systematic increase in the share of renewable energy.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2022

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/pn.2022.1.05

Language:

eng

Relation:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2022; vol. 66, nr 1

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu