Active presence at climate summits

Iberdrola works intensively within the framework of the global and regional debate on climate policies, participating actively in the main milestones of the global climate agenda.

As important recent events higlight: the Madrid Climate Summit (COP25), the Climate Summit of the Secretary General of the United Nations in New York and the activities of the Marrakesh Alliance for Global Climate Action.

Over the course of successive Conferences of the Parties — known as COP — new elements have been introduced into the international structure in the negotiations on climate change. These elements allow for specific challenges to be tackled such as mitigation and adaptation to climate change.

The United Nations Conference on the Environment and Development, held in Rio de Janeiro in 1992, demonstrated the international consensus for addressing the problem of climate change. This was the context behind establishing the United Nations Framework Convention on Climate Change (UNFCCC). It was initially signed by 166 countries, but 197 have now ratified it.

Since 1992, different milestones have been reached in the various negotiations. The text of the Paris Agreement was finally approved on 12 December 2015, it is a legal pact containing the elements required to construct a global strategy to combat climate change from 2020 onwards.



Limiting global temperature increase

The conference focused on climate and energy scenarios to help limit the global temperature rise to below 1.5°C.

Bases for activating the Paris Agreement

It was key to designing the instruments that enable the climate goals to be tackled and achieved effectively and efficiently.

Partnerships to strengthen climate action

After the signature of the Paris Agreement, this summit was the kickstart for its implementation and for the approval of a collaboration framework with non-state agents.

Timetable for the principles of the Paris Agreement

The timetable envisaged that the rules governing the agreement should be concluded in 2018, two years before its launch. The drafting of these rules was crucial at the conference.

Iberdrola focused on reducing emissions

The meeting was crucial and led to a new international climate agreement, applicable to all countries, to keep global warming below 2°C.

In the context of COP25, the company is fully committed to a climate scenario aligned with a maximum increase in the global temperature of 1.5ºC and to an appropriate framework for labour terms and a just transition in the decarbonisation process. Both commitments have been formalised with the group's adherence to two commitments promoted by organisations and governments directly involved in the UN Climate Action Summit, held in New York in September.

With the upcoming COP26 to be held in Glasgow from 1 to 12 November 2021, Iberdrola is working intensively, by example and through various campaigns and activities, to support an ambitious approach when renewing political commitments — the so-called nationally determined contributions, or NDCs — which countries adhered to under the 2015 Paris Agreement.

Aside from renewing the NDCs, the world's climate agenda is busy with activities to mobilise the international community towards achieving the Paris Agreement goals. Within this scenario, the Secretariat of the United Nations Framework Convention on Climate Change, backed by the COP26 President and the Climate Champions, held a series of activities from 1 to 10 June 2020 that were open to society at large. The idea was to provide a platform in which to exchange information on the work being carried out by different countries and organisations and to renew alliances aimed at achieving a climate neutral world by 2050. In line with this last point, special mention should be made of the new "Race to Zero" campaign, which was launched to update and bolster the commitments undertaken by companies, governments and NGOs during the United Nations General Assembly in 2019 and COP25 in Madrid.

From a technical standpoint, it will be extremely relevant to pursue the work agenda defined in the Paris Agreement during the upcoming sessions involving subsidiary bodies, which are set to be held from 4 to 12 October 2020 in Bonn.

Access to the html of the 2019 Climate Action Summit. Internal link opens in its own window.

Furthermore, the company actively participates in the different Climate Summits through the Moving for Climate NOW cycle route External link, opens in a new window, and the delivery of its Manifesto against climate change with the main lines of action in the fight against global warming.

Support for the zero net emissions target by 2050

For years Iberdrola has demonstrated explicit support at the highest level for the goal of carbon neutrality for 2050, convinced of the opportunities for the creation of value and prosperity derived from its achievement. The company's support in this area is especially important in the context of the European Union, where an intense political debate has taken place that has culminated in the formal approval of the 2050 climate-neutral objective [PDF] and the launch of the European Green Pact in December 2019, which places the European Union as the largest economic area committed to a neutral climate and a sustainable growth model.

A climate neutral Europe it's possible and will deliver huge opportunities.

Iberdrola's vision on achieving the goal of zero net emissions by 2050 [PDF].