RWE AG Faces Climate Case in Germany
RWE AG is currently involved in a climate case in Germany, brought by a Peruvian farmer. The farmer alleges that RWE’s historical greenhouse gas emissions have contributed to global warming and are responsible for potential flood damage to his home.
Court Consideration
The court is considering a report on the risk of a flood wave caused by a glacier lake. This report may have significant implications for climate accountability.
RWE’s Renewable Energy Investments
RWE is investing in renewable energy projects, including:
- Commissioning of a large battery storage system in the Netherlands
- Signing a deal to supply green hydrogen to TotalEnergies
Share Price Movement
RWE’s shares have seen an increase in value, driven by market momentum.