DECARBONISATION: AGAINST CLIMATE CHANGE
A common goal: the decarbonisation of the economy
The decarbonisation of the economy should be supported by applying the "polluter pays" principle, so that each energy (gas, fuel and electricity) is accountable for its own air pollution. The electricity sector is the key to achieving this goal.
- The Paris Agreement is a fundamental step forward in the transition towards a low-carbon economy and one of the primordial elements to achieve this entails the incorporation of renewable energies. Iberdrola, with more than 29 GW of installed capacity generated from renewable energy sources [PDF], and a global leader in the wind power sector with over 16,000 MW, has requested the establishment of more far-reaching objectives for renewable energies in the European Union. The current objective, which establishes a 27% share of renewables in overall EU energy consumption by 2030, "is not ambitious enough", according to the companies requesting this commitment to be increased to 35%. This request sent as part of the framework of the COP23.
- The electricity sector is the energy vector that can incorporate renewable energies most effectively, supporting the electrification of the economy. However, it is the sector that has made the biggest effort, forcing consumers to bear excessively high energy costs.
- The objectives are shared by all types of energy, so the penetration cost of renewable energies should be shared between electricity, gas, petrol and diesel oil.
- Renewable energies are capital-intensive, so they require a revenue stabilisation mechanism and must avoid retroactive measures that reduce investor trust.
- The electricity market must adapt to renewable energies and these to the market, competing under equal conditions with all other technologies.
- Self-consumption is one of the elements with the highest potential to develop renewable energies, and it must be developed under the correct economic paths with no hidden subsidies.