CDP utilities report; €14 billion at risk by missing climate goals

A new report ‘Charged or static analyzing a €256 billion market cap grouping of Europe’s major publicly-listed utilities companies reveals many are locked into high emissions from long-lived fossil fuel power plants until 2050 and EUR€14 billion of earnings are at risk unless they rapidly respond to climate goals laid out in the Paris Agreement. The report from CDP – voted no. 1 climate change research provider by institutional investors – reveals major utilities companies remain heavily dependent on fossil fuels, which is responsible for 43% of their electricity generation. …. [Persbericht]


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