Corporate Research: PGE - Urgency needed, especially for renewables
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PGE
- PGE’s planned transition to net zero is not aligned with the goals of the Paris Agreement.
- PGE could retire 5.7GW of older less profitable coal capacity and suspend new gas projects such as Rybnik to get closer to alignment by 2030.
- However, with PGE under State ownership, Government may support losses and faces competing priorities, potentially delaying a policy response.