February 5, 2021 Read More →

Enel sees no future hope for gas, carbon capture

The Energy Mix:

Italian utility giant Enel SpA is promising net-zero operations by 2050, setting out to eliminate natural gas from its power generation portfolio—and swearing off any effort to offset gas consumption by investing in carbon capture technology.

“We have a net-zero target for 2050. That’s clearly a future where there is no gas,” Enel Green Power CEO Salvatore Bernabei told S&P Global Market Intelligence late last month. “We don’t believe in technology that offsets CO2.”

Enel “is both one of the largest renewable energy generators in the world and one of Europe’s biggest carbon emitters,” S&P writes, in a post republished by the Institute for Energy Economics and Financial Analysis. “It generated direct emissions of about 70 million tonnes of CO2 equivalent in 2019” and has a dozen coal plants still in operation, most of them in Spain and Italy. 

[Staff Report]

More: Italian Utility Giant Enel to Close All Gas Plants by 2050, Sees No Future in CCS

Posted in: IEEFA In the News

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