RWE AG

  • RWE’s transition to net zero is not fully aligned with the goals of the Paris Agreement.
  • Germany has yet to bring forward the closure of coal to 2030; there are major technical and financial challenges decarbonising gas with hydrogen.
  • Current profitability of lignite and gas is not sustainable and RWE risks destroying value on new gas.
  • However, minority shareholders may be able to engineer change.