{"id":35342,"date":"2024-12-17T17:27:05","date_gmt":"2024-12-17T16:27:05","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=35342"},"modified":"2024-12-17T17:27:05","modified_gmt":"2024-12-17T16:27:05","slug":"what-to-expect-from-power-utilities-transition-plans","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2024\/12\/17\/what-to-expect-from-power-utilities-transition-plans\/","title":{"rendered":"What to expect from power utilities transition plans?"},"content":{"rendered":"

To support the development of a sustainable power system, financial institutions must make strong commitments in the power generation sector and engage power utilities to adopt high standards transition plans.<\/strong><\/p>\n

Currently, the climate strategies of the main European power utilities contain significant shortcomings. Moreover, they use heterogeneous assumptions, references, and timelines, making it difficult to assess and compare them.<\/strong><\/p>\n

To provide a common basis for analysis, Reclaim Finance has developed a reference guide for financial actors. It offers a complete framework specifying the components of a comprehensive power utility transition plan, and how they should be addressed by utilities to reach robust and ambitious transition plans. It gathers the key aspects that financial institutions should expect from any power utility that claims it is transitioning towards a sustainable future. It also presents our recommendations to financial actors for engaging power utilities in adopting efficient and successful decarbonization pathways.<\/strong><\/p>\n<\/div>

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Key findings:<\/h2><\/span>
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As a primary lever in the transformation of the power generation sector, financial institutions should:<\/p>\n