Engie’s coal exit non-announcement

Reclaim Finance argues that Engie's coal exit plan is insufficient because it allows for the conversion of plants to gas or biomass and the sale of assets to other companies, which does not guarantee actual emission reductions or protect workers.

• Engie has committed to exiting coal assets in Europe by 2025 and globally by 2027, but the author contends this is a "non-announcement" because it allows assets to be sold or converted to gas or biomass instead of being permanently closed.
• Engie currently operates 10 coal plants with a total capacity of 4GW across Portugal, Morocco, Chile, Brazil, and Peru.
• The document argues that converting coal plants to gas or biomass is counterproductive, noting that biomass can have a worse climate impact than coal and gas remains a fossil fuel that may require importing fracked gas to Chile and Brazil.
• Engie's strategy of selling plants is criticised for failing to reduce real-world CO2e emissions; the company has already sold 14 coal plants (11,356 MW, or 54% of its capacity) since COP21.
• The author claims Engie's carbon neutrality goal for 2050 is insufficient because its current strategy follows a 2°C objective certified by the SBTi rather than aligning with a 1.5°C target.

APA

admin (2021). Engie’s coal exit non-announcement. Reclaim Finance. https://reclaimfinance.org/site/en/2021/02/26/engies-coal-exit-non-announcement/

Chicago

admin. Engie’s coal exit non-announcement. Reclaim Finance, 2021. https://reclaimfinance.org/site/en/2021/02/26/engies-coal-exit-non-announcement/.

Wikipedia

{{cite press release |last1=admin |title=Engie’s coal exit non-announcement |publisher=Reclaim Finance |date=26 February 2021 |url=https://reclaimfinance.org/site/en/2021/02/26/engies-coal-exit-non-announcement/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021engies, author = {admin}, title = {{Engie’s coal exit non-announcement}}, publisher = {Reclaim Finance}, year = {2021}, month = feb, url = {https://reclaimfinance.org/site/en/2021/02/26/engies-coal-exit-non-announcement/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }