Iberdrola to achieve zero emissions in Europe by 2030
More than 20 years ago, Iberdrola began a deep transformation of its energy model towards a sustainable, safe and competitive one that would enable it to tackle the fight against climate change. During this period, the Group has invested more than 100,000 million euros, thanks to which it has managed to generate a total annual impact on employment of nearly 400,000 direct, indirect and induced jobs around the world and contribute more than 31,000 million euros annually to the global GDP.
Thus, thanks to the growing share of renewables in the generation mix, the Group's emission-free capacity and production is increasing, while emissions intensity is decreasing every year, which puts us on track to achieve CO2 equivalent emission neutrality for Scope 1 and 2 by 2030 and net zero CO2 equivalent emissions by 2040 for all scopes, including Scope 3.
Below, you can see the data showing the evolution of the company's decarbonization process; emission-free production and capacity, etc.