Power moves and power failures

The analysis finds that none of the five examined electricity producers have a robust transition plan aligned with a 1.5°C limit, specifically lacking firm commitments to exit fossil gas by 2035. While Iberdrola and Statkraft show better practices and a shift toward sustainable energy, Enel, ENGIE, and EPH continue to develop gas plants and require coal exit plans focused on closures rather than sales to ensure absolute emission reductions.

• None of the five analyzed electricity producers have a comprehensive transition plan that ensures a decarbonization trajectory limiting global warming to 1.5°C, with a primary deficiency being the lack of a commitment to exit fossil fuels in Europe by 2035.
• Enel, ENGIE, and EPH are identified as significant developers of gas power plants, which maintains a dependency on fossil gas; additionally, these three companies need coal exit plans that prioritize plant closures over sales or conversions to guarantee absolute emission reductions.
• Iberdrola and Statkraft are noted for better practices regarding fossil fuel exit ambitions and for demonstrating that a transition to a sustainable electricity system—comprising wind, solar, storage, and grids—is possible, despite lacking an explicit fossil gas exit plan.

APA

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

Chicago

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

Wikipedia

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

BibTeX

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