ENGIE’s road to (non-)decarbonized power

Reclaim Finance criticizes ENGIE's Climate Plan for failing to align with a 1.5°C trajectory, citing continued gas expansion, reliance on unproven technologies like CCUS and hydrogen, and a net-zero target date of 2045 that lags behind IEA recommendations.

• ENGIE has not committed to ending fossil fuel development and continues to plan investments in new fossil assets, with Liquefied Natural Gas supply contracts extending past 2040.
• The company's transition strategy relies on technologies that are either immature, not deployable at scale, or incompatible with a just transition, specifically hydrogen, biomethane, and Carbon Capture, Utilization and Storage (CCUS).
• ENGIE's targets for achieving net zero emissions are set for 2045, which is later than the 2035/2040 timeline suggested by the IEA's NZE scenario, and the plan contains uncertainties regarding methane emissions and potential emission rebounds by 2030.

APA

Martin, L. (2024). ENGIE’s road to (non-)decarbonized power. Reclaim Finance. https://reclaimfinance.org/site/en/2024/04/16/engies-road-to-non-decarbonized-power/

Chicago

Martin, Léo. ENGIE’s road to (non-)decarbonized power. Reclaim Finance, 2024. https://reclaimfinance.org/site/en/2024/04/16/engies-road-to-non-decarbonized-power/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=ENGIE’s road to (non-)decarbonized power |publisher=Reclaim Finance |date=16 April 2024 |url=https://reclaimfinance.org/site/en/2024/04/16/engies-road-to-non-decarbonized-power/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2024engies, author = {Martin, Léo}, title = {{ENGIE’s road to (non-)decarbonized power}}, publisher = {Reclaim Finance}, year = {2024}, month = apr, url = {https://reclaimfinance.org/site/en/2024/04/16/engies-road-to-non-decarbonized-power/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }