The next UN Climate Change Conference (COP25) will be held from 2 to 13 December in Madrid (Spain), under the presidency of Chile. This time, discussions will focus on climate and energy scenarios that will help to keep global temperatures from rising more than 1.5 degrees Celsius. This is the equivalent of achieving global net-zero CO2 emissions by mid-21st century, an objective with which Iberdrola group is fully aligned.
COP25: IBERDROLA AT THE CLIMATE SUMMIT 2019
COP25 will study how to restrict the rise of global temperatures to below 1.5 ºC
The next UN Climate Change Conference (COP25) will be held from 2 to 13 December in Madrid (Spain), under the presidency of Chile. This time, discussions will focus on climate and energy scenarios that will help to keep global temperatures from rising more than 1.5 ºC. This is the equivalent of achieving global net-zero CO2 emissions by mid-21st century, an objective with which Iberdrola group — one of the official sponsors — is fully aligned.
Climate change is real, and mitigating its impact is a task that requires the force of the entire international community. That is why the United Nations Framework Convention on Climate Change (UNFCCC) organises the annual Conferences of the Parties (COP) to assess countries' progress in dealing with climate obligations and propose new instruments to support their application.
This year is the 25th edition of the summit, whose battle cry is Time to act, a call to all countries to scale up their commitments to fighting climate change. The COP25 will propose going beyond the targets in the Paris Agreement — which set out to keep global warming to below 2 ºC — and will insist on the need to move toward climate and energy scenarios that ensure that this increase stays below 1.5 ºC.
IBERDROLA, ALIGNED TO THE GOALS OF COP25
Iberdrola group has committed to reducing its CO2 emissions by 30% — over 2007 levels — by 2020, by 50% in 2030 and finally, to achieve carbon neutrality by 2050. These goals have been recognized as science-based in accordance with the Science Based Targets (SBTi) initiative.
In the context of COP25, the company reaffirms its commitment to a climate scenario fully aligned with a maximum increase in temperature of 1.5 ºC; and the appropriate framework of working conditions and equitable transition to foster decarbonisation. Both commitments were formalised in UN Climate Action Summit, held in New York last September, when the company signed two pledges promoted by organisations and governments directly involved in this event.
- ZERO EMISSIONS BY 2030
Iberdrola advances towards zero emissions in Europe by 2030
This was announced by Ignacio Galán, CEO of the group, before the Secretary General of the United Nations, António Guterres, in his speech at the high-level event of Caring for Climate at COP25, where he insisted on the need to act now against climate change and to see the transition towards a green economy as an opportunity. LEARN MORE
- GREEN FINANCING
EIB and Iberdrola sign two financing agreements for 690 million euros
The EIB and Iberdrola have announced at the Climate Summit the signing of two financing agreements whereby the EU bank will provide 250 million euros to finance 15 wind farms that the company will build in northeastern Brazil and another 440 million euros for the digitalization of its electrical networks in Spain. MORE INFORMATION
- IGNACIO GALÁN ON 'EL MUNDO'
"Climate change denial is giving in to scientific evidence"
The president and CEO of Iberdrola group, Ignacio Galán, very critical of those who deny climate change, says in El mundo newspaper that the Madrid summit is an opportunity to take action and that social pressure is forcing "an essential change of model" which governments and companies must join. READ FULL ARTICLE
- THE MINISTER VISITS OUR STAND
The acting minister for Ecological Transition, Teresa Ribera, on the Iberdrola stand
The acting minister for Ecological Transition, Teresa Ribera, visited Iberdrola's stand in the green zone at COP25, where he met with the group's chairman, Ignacio Galán, and Claire Perry O'Neill, president of COP26, to be held in Glasgow next year. MORE INFORMATION
- RECEPTION AT THE ROYAL HOUSE
Ignacio Galán attends the reception at the Royal House
The chairman and CEO of Iberdrola group, Ignacio Galán, attended the reception that, on occasion of the COP25 inauguration in Madrid, was offered by His and Her Majesty the King and Queen to the heads of state and government who have come to the Spanish capital to attend the summit. Referring to the slogan of the summit, It's time to act, don Felipe said that "there are no borders that can protect us from the effects of climate change. We cannot postpone decision-making: we must act from a shared leadership and firmly." MORE INFORMATION
- SPAIN, THE VENUE FOR THE COP25
The energy transition, engine of growth and employment
For the chairman of the group, the holding of the COP25 in Madrid represents a recognition by the United Nations of the "leadership that Spanish institutions, companies and society are showing in matters of climate change and energy transition." He wrote this in an article published in the newspaper ABC, in which he states that Spain "has all the conditions to take advantage of the potential of the energy transition." READ FULL ARTICLE
- DOCUMENTARY ON OFFSHORE WIND ENERGY
'United by the wind', the most social side of offshore wind energy
Within the framework of COP25, Iberdrola group has presented the United by the wind documentary, which shows the most social aspect of the East Anglia ONE offshore wind farm. More than twenty workers, both from the company and from several of its suppliers, tell us about the importance of teamwork, companionship and training to set up an infrastructure of this magnitude and complexity, as well as the driving effect that this development is having on local economies. ACCESS THE FULL DOCUMENTARY
- SUSTAINABLE PARKING
We are opening the first sustainable car park at an exhibition centre in Spain
Iberdrola has become a strategic partner of IFEMA (Madrid Fair Institution) in order to promote sustainable mobility through a variety of actions. As part of this collaboration, the first of these initiatives consisted of implementing the first sustainable public car park at an exhibition centre in Spain. The car park will be available to the participants at COP25. FIND OUT MORE
- UNITED FOR THE CLIMATE
Committed to carbon neutrality by 2050
Iberdrola, one of Europe's leading energy companies, has sent a letter to European environment ministers in which it supports the European Union's call to commit to achieving carbon neutrality before 2050 and, therefore, reducing greenhouse gases by at least 55%, in order to reach 1990 levels by 2030. ACCESS THE LETTER [PDF]
- OUR LINES OF ACTION
We are committed to a decarbonised future
Iberdrola wishes to contribute actively and decisively to a sustainable and low-carbon future, an effort that will also drive forward social and economic development through the creation of employment and wealth. Firm in its fight against climate change, the company currently leads the major international indexes and recognises the fight against climate change as a strategic pillar of its activity. In this sense, it has a Policy against Climate Change with different lines of action. FIND OUT ABOUT THEM
- OUR ACHIEVEMENTS
Committed to ambitious and urgent climate action
The group has prevented 60 million tonnes of CO2 from entering the atmosphere over the last three years, through its firm commitment to efficiency and renewable energies, in which it has invested €100 billion since 2001. At the end of the third quarter of 2019, 68% of the group's total installed capacity was emission-free and 62% corresponded to renewable energy. Iberdrola has also already closed 15 coal and oil plants. FIND OUT MORE
IBERDROLA STAND AT COP25
Iberdrola group, one of the official sponsors of the conference, has its own stand at COP25. Located in the Green Zone, which is open to anyone attending the event, the stand is a sustainable space showing the company's leading position in the fight against climate change. To this end, Iberdrola offers specialised talks and audiovisual content explaining the group's main milestones, its commitments to reducing emissions and its flagship projects, as well as the initiatives that it is pursuing to raise awareness about the climate challenge and promote universal access to energy. The stand has received visits from the Minister of Energy Transition, Teresa Ribera, and the Minister of Science, Innovation and Universities, Pedro Duque.
MOVING FOR CLIMATE NOW 2019
In addition, as in previous years, the company organised Moving for Climate NOW, a cycling trip that has the backing of the UNFCCC and the COP25. In this fifth edition, fifty representatives of companies, administrations and non-profit organisations traveled 500 kilometres by electric bicycle in order to raise awareness of the importance of the climate challenge, unite efforts from all realms and act with ambition and urgency to halt climate change.
The team began cycling in Salamanca on Tuesday, 26 November and arrived in Madrid on Sunday, 1 December, on the eve of the summit in the city. The cyclists were welcomed by group chairman Ignacio Galán who encouraged them to "keep fighting climate change to leave a habitable world for generations to come". "The decade which is about to begin must be the decade of action and 2020 the year of ambition: the Paris Agreement is already in force and we must harness all available resources to comply with it," he added.
Moving for Climate NOW delivered its Manifesto against climate change to the Deputy Executive Secretary of the UNFCCC, in which they highlight the need to increase climate ambition and take steps forward towards scenarios that limit the increase in temperature below 1.5ºC, which is equivalent to achieving zero net emissions by 2050. In order to achieve this, the team considers that it is necessary to act fundamentally on five points:
- The urgency of uniting efforts in all areas, ensuring support measures for the most vulnerable.
- The importance of seeing the fight against climate change not only as a major challenge but also as an opportunity to build a sustainable economic model.
- The need to accelerate the energy transition, by committing to renewable energy.
- The value of having nature as an ally.
- The importance of mobilising resources to improve climate adaptation.
The Moving for Climate NOW initiative has been awarded in the II edition of the Climate Leaders Awards 2019 in the category of Outreach Initiative, in recognition of its work in the fight against climate change in Spain.
Iberdrola will also contribute to the COP25 by preparing reports and statements of ambition and taking part in high level technical events.
OUR CONTRIBUTION TO THE MAIN SUBJECTS OF COP25
Pioneering the energy transition
Iberdrola group is committed to a clean, reliable, smart business model that replaces polluting sources of energy with clean ones.
We are committed to renewable energies
Renewable energies are and will be one of the pillars of the group, which will allocate 39% of the 34 billion euros of investment planned for the 2018-2022 period to this business area.
We are driving sustainable mobility
As an efficient way to combat climate change, Iberdrola is leading the transition towards sustainable mobility and the electrification of transport.
The circular economy is our base
The group bases its sustainable business model on emissions reduction, efficiency improvements, and resource optimisation.
Transparency in risk management
The company is working towards implementing the TCFD recommendations to provide information on how to manage the risks and opportunities derived from climate change.
World leader in climate finance
Iberdrola is the world's leading private sector group in green financing, with 11 billion euros issued since April 2014 via the capital markets.
We are protecting ecosystem biodiversity
The group is committed to undertaking new projects for the conservation and protection of our natural heritage as well as those that promote its development.
We work with vulnerable groups
The company has put in place different schemes to facilitate access to energy for disadvantaged groups and promote their social inclusion.
2019 CONFERENCES OF THE PARTIES WORK AREAS
COMMITTED TO THE UNITED NATIONS AGREEMENTS
The group is fully committed to the Paris Agreement and the Sustainable Development Goals (SDG) of the UN Agenda for 2030, which it has embedded to its strategy. Of the 17 goals, Iberdrola particularly focuses on affordable and non-polluting energy (SDG 7) and climate action (SDG 13), while making significant contributions to the fulfilment of others, such as no poverty (SDG 1), gender equality (SDG 5), decent work and economic growth (SDG 8), and the implementation of partnerships to achieve the goals (SDG 17).
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