Document summary
This report takes a detailed look at the potential implications of tighter climate policy in Germany and the EU on E.ON/Uniper and RWE beyond 2020.
The first section looks at the policy response required from framing the inter-generational impact resulting from climate change. The second part examines the brief of the Financial Stability Board’s Task Force on Climate-related Financial Disclosure (TCFD) and the disclosure practices of E.ON and RWE around climate change. The final part examines the potential valuation implications for E.ON’s and RWE’s fossil-fuel (FF) generation assets with respect to two carbon-constrained scenarios.