European energy companies fail on net zero commitments

Increasing Europe’s self-reliance through renewable energy is a key solution to meet the continent’s climate commitments while providing an insurance against fossil fuel price volatility. 16 out of 21 (76%) of the coal-burning corporations dominating the European electricity market, and covered in the report, have published net zero targets. For the majority, these net zero targets are for 2050. The report finds that only nine (43%) of the analysed coal utilities have committed to a global coal phase-out by 2030.

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