European energy companies failing on net zero commitments

A new report by Ember and Europe Beyond Coal finds that the business plans of major European power utilities do not contain the intermediate targets necessary to deliver on their net zero pledges.

When examined against the International Energy Agency’s (IEA) net zero by 2050 roadmap, not one of the analysed strategies reaches all of the milestones on fossil fuel phase-out and accelerated deployment of renewables required to achieve the mid-century target and limit global warming to 1.5 degrees. Only nine have committed to phase out coal in the EU and OECD by 2030 and in the rest of the world by 2040, despite sixteen pledging to reach net zero emissions by 2050 at the... ... More: Official Press Release Ember

Keywords:

Ember, Europe Beyond Coal, utility, Europe, power, target, net zero, pledge, phase out, coal, renewables