Power moves and power failures report

The report assesses the transition plans of Enel, ENGIE, EPH, Iberdrola, and Statkraft, finding that none have committed to phasing out fossil gas by 2035 as recommended by the IEA. While Iberdrola and Statkraft demonstrate better practices in transitioning to sustainable power systems, Enel, ENGIE, and EPH continue to develop fossil gas-fired plants and lack coal phase-out plans based on absolute closures.

• None of the five analyzed electricity producers have committed to phasing out fossil gas by 2035, which contradicts the International Energy Agency’s ‘Net Zero Emissions by 2050’ scenario and jeopardizes the goal of limiting global warming to 1.5°C.
• Enel, ENGIE, and EPH are identified as significant developers of fossil gas-fired power plants, creating lock-in effects for gas combustion. Furthermore, these three companies require coal phase-out plans that prioritize closures over sales or replacements to ensure absolute emission reductions.
• Iberdrola and Statkraft are highlighted as examples of better practices, demonstrating that a coherent transition toward a sustainable power system comprising grids, storage, solar, and wind is achievable, despite their shortcomings regarding fossil gas phase-out.

APA

Martin, L. (2024). Power moves and power failures report. Reclaim Finance. https://reclaimfinance.org/site/en/2024/06/26/power-moves-and-power-failures-report/

Chicago

Martin, Léo. Power moves and power failures report. Reclaim Finance, 2024. https://reclaimfinance.org/site/en/2024/06/26/power-moves-and-power-failures-report/.

Wikipedia

{{cite report |last1=Martin |first1=Léo |title=Power moves and power failures report |publisher=Reclaim Finance |date=25 June 2024 |url=https://reclaimfinance.org/site/en/2024/06/26/power-moves-and-power-failures-report/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{martin2024power, author = {Martin, Léo}, title = {{Power moves and power failures report}}, institution = {Reclaim Finance}, year = {2024}, month = jun, url = {https://reclaimfinance.org/site/en/2024/06/26/power-moves-and-power-failures-report/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }