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Policy & Regulation

RWE carbon pledge confirms power shake-up

The announcement that the company wants to be climate-neutral in 20 years may be dismissed as a gimmick by some, but it signals Europe’s energy transition is well under way The announcement that the company wants to be climate-neutral in 20 years may be dismissed as a gimmick by some, but it signals Europe’s energy transition is well under way.
By Andreas Walstad 3 October 2019 Europe & Russia / Policy & Regulation 0 34644
Eemshaven coal power station in the Netherlands. (RWE)

The key issue: RWE announced this week that it wants to be carbon-neutral by 2040 and that investment in hydrogen-fuelled power plants will help the company to achieve this target.

Interfax analysis: Many will undoubtedly dismiss German utility RWE’s target to become carbon-neutral by 2040 as an attempt to ‘greenwash’ the company’s image, which – as Europe’s largest emitter of carbon dioxide – is still deeply rooted in coal-to-power production.

Around 40% of RWE’s European generation fleet is fuelled by hard coal and lignite, while around...