Analyse des annonces climat d’ENGIE

Reclaim Finance criticizes ENGIE's new climate targets, noting that while the company moved its net-zero goal to 2045, it lacks absolute emission reduction targets aligned with 1.5°C. The analysis highlights a continued reliance on LNG and the risks of converting coal plants to gas or biomass, particularly in Chile, while noting that ENGIE's renewable energy investments lag behind competitors like Enel.

• ENGIE has advanced its target for achieving carbon neutrality across all scopes to 2045, from a previous goal of 2050, but it does not align with a 1.5°C trajectory and lacks detailed absolute decarbonization targets over time.
• The company aims to reduce the carbon intensity of its electricity production to 158 g/kWh by 2030 (compared to 348 g/kWh in 2017), but it has not disclosed its absolute emission levels for 2017, making the actual scale of reduction unclear.
• Despite promoting renewable gases, ENGIE remains heavily dependent on Liquefied Natural Gas (LNG), investing €239 million in terminals in 2020 and planning approximately €1.76 billion in 2021 for its Business Line Network, which includes the Montoir-de-Bretagne terminal extension.
• ENGIE plans to increase renewable energy installations to 4GW per year by 2025 and 6GW per year by 2030, but its projected investment of approximately €40 billion by 2030 is significantly lower than Enel's €160 billion commitment.
• Regarding its remaining 10 coal plants, ENGIE intends to convert four to gas or biomass and sell two others, though investors are calling for a detailed asset-by-asset exit plan that prioritizes closure over sale or conversion.
• The conversion of two coal plants to biomass in Chile is criticized due to local wood pellet shortages, which may increase pressure on natural forests and exacerbate water scarcity and air pollution in a region already vulnerable to climate change.
• ENGIE has decided to abandon the project to convert a former coal plant to gas at Vado Ligure in Italy.

APA

Reclaim Finance (2021). Analyse des annonces climat d’ENGIE. https://reclaimfinance.org/site/wp-content/uploads/2021/05/Analyse_AnnoncesEngie_Mai2021.pdf

Chicago

Reclaim Finance. Analyse des annonces climat d’ENGIE. 2021. https://reclaimfinance.org/site/wp-content/uploads/2021/05/Analyse_AnnoncesEngie_Mai2021.pdf.

Wikipedia

{{cite press release |author=Reclaim Finance |title=Analyse des annonces climat d’ENGIE |date=18 May 2021 |url=https://reclaimfinance.org/site/wp-content/uploads/2021/05/Analyse_AnnoncesEngie_Mai2021.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{reclaimfinance2021analyse, author = {{Reclaim Finance}}, title = {{Analyse des annonces climat d’ENGIE}}, publisher = {Reclaim Finance}, year = {2021}, month = may, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/05/Analyse_AnnoncesEngie_Mai2021.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }