Green Deal is impossible.
In March 2020, the Management of KGHM Polska Miedź S.A. met with the representatives of EU institutions in Brussels. In the headquarters of Business & Science Poland, they discussed the future of the copper sector in the European Union. KGHM emphasizes that copper is a key raw material for implementing the idea of a climate-neutral Europe and therefore support from the mining and smelting industry is so important.
Actions aimed at achieving climate neutrality by 2050 are a priority for the European Commission. Among other things, KGHM Polska Miedź S.A. has proposed to the EU that the raw materials sector be included, as an energy-intensive industry, in the framework for which EU funds will be available as well as support for innovation and investments in advanced technologies. The Company’s Strategy assumes that, by the end of 2030, 50% of KGHM Polska Miedź S.A.’s demand for electricity will be satisfied by its own sources and renewable energy sources.
In its arguments, KGHM Polska Miedź S.A. also points to, among other things, increasing competition from carbon-intensive Asian economies and the necessity to maintain the innovative character of Europe as well as its further unimpeded economic and social and cultural development.