Governments and businesses must cooperate on green goals – CEO of RWE

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FRANKFURT, June 22 (Reuters) – Governments and private sector energy companies must work together to push through energy transition goals, the chief executive of German electricity company RWE (RWEG.DE) said on Tuesday, warning that behavioral changes will be hard to sell.

Speaking at a roundtable at Reuters’ Global Energy Transition Conference, Chief Executive Officer Markus Krebber said that while big companies are now moving towards decarbonization, the discussion needs to reach out to everyone.

“As an industry we have to take this discussion with politicians down to the people – what is your willingness to pay more for a green product, how do you travel, what do you eat? ” he said.

Germany, the European Union’s largest economy, will go to the polls in September in an election where the effect of climate change measures on society will be hotly contested. Read more

On July 14, the European Commission will propose a dozen climate policies to reduce greenhouse gases more quickly.

“We are seeing great resistance in many countries to transmission lines, back-up capacity and renewables, especially onshore wind and import infrastructure for green energy products,” Krebber said.

“This is where industry and politicians have to cooperate, because in some countries it will be very difficult to achieve the very ambitious targets,” he said.

After decades as a producer focused on burning coal, nuclear and gas, RWE is transforming itself, spending 90% of its capital expenditure on green investments.

Now number two in offshore wind power in the world and number three in renewable energies in Europe, it will increase its renewable energy portfolio to more than 13 GW by the end of 2022 via net investments of 5 billion euros (5 , $ 95 billion).

($ 1 = € 0.8409)

To learn more about the Reuters Events: Global Energy Transition conference, please click here (https://reutersevents.com/events/energy-transition-global/)

Reporting by Vera Eckert; Editing by Jan Harvey

Our Standards: Thomson Reuters Trust Principles.



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