MNI China Daily Summary: Monday, December 23

MNI: China Steel Demand Seen Falling Next Year

MNI: China CFETS Yuan Index Up 0.83% In Week of Dec 20

MNI: PBOC Net Drains CNY643.5 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1870 Mon; -2.26% Y/Y

MNI China Daily Summary: Friday, December 20

EZ/UK T-Bill Calendar: Greece to Sell Bills New Year's Eve

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI: CANADA NOV INDUSTRIAL PRICES +0.6% MOM; EX-ENERGY +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: RWE Executive Says UK Energy Targets Not Feasible

POWER
GlobalCommoditiesCEEMEAEnergy BulletsBulletPower BulletsUKRegion

The UK’s targets to decarbonise the energy grid by 2030 is unrealistic, RWE senior executive Adam Ezzamel said, cited by the Telegraph.

  • “The biggest problem I have with it is the date attached to it. I think it is just not feasible, certainly in the offshore space,” Ezzamel said.
  • “I would say it’s great to have a plan. It’s great to be ambitious, but I think we need to be a bit more grounded in realism, in terms of the delivery date”, he added.
  • One of the issues Ezzamel cited was the supply chain capacity, while a rushed goal could cause spiking prices, amongst other issues.
  • His remarks followed comments from the Energy Industry Councial and the GMB Union, calling the plans unachievable.
  • Earlier this month, the IEA chief called the UK’s plans ambitious but doable. 
131 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The UK’s targets to decarbonise the energy grid by 2030 is unrealistic, RWE senior executive Adam Ezzamel said, cited by the Telegraph.

  • “The biggest problem I have with it is the date attached to it. I think it is just not feasible, certainly in the offshore space,” Ezzamel said.
  • “I would say it’s great to have a plan. It’s great to be ambitious, but I think we need to be a bit more grounded in realism, in terms of the delivery date”, he added.
  • One of the issues Ezzamel cited was the supply chain capacity, while a rushed goal could cause spiking prices, amongst other issues.
  • His remarks followed comments from the Energy Industry Councial and the GMB Union, calling the plans unachievable.
  • Earlier this month, the IEA chief called the UK’s plans ambitious but doable.