The revised framework follows the 2021 International Capital Market Association (ICMA) principles and incorporates the ICMA pre-issuance checklist. This alignment ensures transparency and credibility in how proceeds are managed, projects are selected, and reports are delivered to investors.
The updated framework outlines a broad range of eligible green projects, including:
Renewable energy
Energy-efficient buildings
Green infrastructure (e.g., modern power grids)
Clean transportation
Sustainable water and land management
Climate adaptation efforts
In parallel, the Polish parliament has passed legislation to ease restrictions on onshore wind farm construction—a key measure aimed at expanding renewable energy and reducing electricity costs. However, the legislation’s final approval remains uncertain due to opposition from both the outgoing and incoming presidents.
Poland is also investing in long-term energy diversification, with its first nuclear power plant expected to be completed by 2036. This move supports the broader effort to reduce dependence on coal, still a major part of the country’s energy mix.
If the green bond issuance proceeds, it would:
With its updated framework and increasing focus on clean energy, Poland is making clear its intent to play a more active role in sustainable finance and transition away from fossil fuels.
