Briefing à l'attention des acteurs financiers soutenant ENGIE

The briefing criticizes ENGIE's 2025 climate plan for lacking a phase-out date for fossil gas and continuing expansion through new plants and long-term LNG contracts. While noting a slight increase in renewable energy targets to 95 GW by 2030, the author argues that ENGIE remains on a 'well below 2°C' trajectory rather than 1.5°C, citing a decarbonization goal of 2045 that contradicts IEA Net Zero Emissions (NZE) scenarios. The document also highlights that CAPEX for fossil technologies remains nearly stable between the 2024-2026 and 2025-2027 periods and warns that reliance on 'green gases' and carbon credits may perpetuate fossil systems.

• ENGIE's 2025 climate plan does not include a phase-out date for fossil gas or a specific exit plan for individual gas assets, and it fails to announce an end to long-term LNG import contracts.
• The company continues to pursue gas expansion through new projects, including a gas plant in Nijmegen, Netherlands, and the extension of two LNG import terminals in France at Fos-Cavaou and Montoir de Bretagne.
• ENGIE has increased its 2030 renewable energy capacity target by 5 GW compared to the previous year, bringing the total goal to 95 GW.
• ENGIE's decarbonization target of 2045 is deemed incompatible with the IEA's Net Zero Emissions (NZE) scenario, which requires electricity sector decarbonization by 2035 in advanced economies and 2040 elsewhere.
• Analysis of CAPEX for 2025-2027 shows that the share allocated to fossil technologies is nearly identical to the 2024-2026 period, remaining at approximately 9.8% compared to 9.7%.
• The company's strategy relies on 'green gases' (hydrogen and biomethane) and carbon credits, which the author argues risk perpetuating fossil infrastructure and face significant development uncertainties.
• ENGIE's hydrogen production target of 4 GW by 2035 was previously delayed by five years during the 2024 General Meeting due to significant difficulties in developing green hydrogen.

APA

Reclaim Finance (2024). Briefing à l'attention des acteurs financiers soutenant ENGIE. https://reclaimfinance.org/site/wp-content/uploads/2025/04/2025.04.16_Reclaim-Finance_Plan-climat-2025-dENGIE-statu-quo-sur-le-gaz.pdf

Chicago

Reclaim Finance. Briefing à l'attention des acteurs financiers soutenant ENGIE. 2024. https://reclaimfinance.org/site/wp-content/uploads/2025/04/2025.04.16_Reclaim-Finance_Plan-climat-2025-dENGIE-statu-quo-sur-le-gaz.pdf.

Wikipedia

{{cite report |author=Reclaim Finance |title=Briefing à l'attention des acteurs financiers soutenant ENGIE |date=16 April 2024 |url=https://reclaimfinance.org/site/wp-content/uploads/2025/04/2025.04.16_Reclaim-Finance_Plan-climat-2025-dENGIE-statu-quo-sur-le-gaz.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{reclaimfinance2024briefing, author = {{Reclaim Finance}}, title = {{Briefing à l'attention des acteurs financiers soutenant ENGIE}}, institution = {Reclaim Finance}, year = {2024}, month = apr, url = {https://reclaimfinance.org/site/wp-content/uploads/2025/04/2025.04.16_Reclaim-Finance_Plan-climat-2025-dENGIE-statu-quo-sur-le-gaz.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }