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Utilities beyond fossil fuels CASE STUDY: ENGIE
The report argues that ENGIE's transition strategy is not aligned with the Paris Agreement due to the lack of confirmed shutdown dates for 70% of its remaining coal fleet and a reliance on converting coal plants to fossil gas and biomass. While ENGIE aims for renewables to provide 58% of its power by 2030, the document identifies significant financial and regulatory risks associated with its gas and biomass assets, including the potential for stranded assets and high methane emissions from shale gas procurement.
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Document type: Case study
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