Citigroup Says 42% of Clients Have No Energy Transition Plan
Thursday, 28 March 2024 More than 40% of Citigroup’s clients lack a “substantive plan” for cutting their emissions to align with net-zero ambitions or are unlikely to transition at all, the bank’s latest climate report showed. The report, published earlier this week, is based on initial results from its net zero review template, which monitors its clients’ readiness to adapt to the energy transition. Among the energy sector, according to Citigroup, 42% of its clients have a “low” transition-plan alignment, and 29% have a “medium-low”…
UK Labour leader Sir Keir Starmer will announce a plan to launch a publicly owned clean energy company during a visit to north Wales on Monday. Shadow Welsh Secretary Jo Stevens says: “We will be doubling onshore wind, trebling solar power, quadrupling offshore wind; we’ll be creating carbon...
Europe is not on track with its energy transition goals, but is in a good position to succeed in reaching them, French multinational energy management group Schneider Electric tells Euronews Business.
Credit: euronews (in English) Duration: 05:27Published
Thursday, 28 March 2024
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