Transition Plan Analysis:

  • For Naturgy to be fully aligned with the goals of the Paris Agreement, five things need to happen.
  • Naturgy needs both to address delay in its renewables build and introduce climate-related incentives in management remuneration.
  • The Government needs to set a date for gas phase-out in Spain, finalise a regulatory framework for mothballing CCGT and support work in establishing a regulatory framework for investment in biomethane and hydrogen.