Iberdrola supports net-carbon zero emissions goal in 2050

In October 2014, the European Union set the goal of reducing its emissions by at least 40% by 2030 (compared to 1990 levels), as a measure to achieve the final goal of reducing CO2 emissions by 80/95% in 2050 (vs 1990).

Iberdrola supports the goal of net zero carbon emissions by 2050, increasing the 2030 ambition and marking intermediate milestones in 2040 and 2045.

More information about emission reduction and EU-ETS market

At the 21st United Nations Conference on Climate Change (COP21) 195 Parties agreed the "Paris Agreement", to limit the global temperature increase to below 2ºC at the end of the century versus the pre-industrial level, and to pursue efforts to limit it to below 1.5ºC. The agreement came into force one year after reaching it and will apply from 2020.

The European Union has set the goal of an 80-95% reduction in carbon emissions by 2050 versus 1990, and to help progress with meeting this ambition has set an intermediate target of reducing emissions by 40% by 2030 (vs. 1990), which means: 43% emissions reduction vs. 2005 for industrial, electricity and aviation sectors through the EU-ETS emissions market and 30% emissions reduction vs. 2005 for transport, building, agriculture, waste, etc. sectors which are currently not charged for their emissions in the same way (despite their share amounting to some 58% of emissions).

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