The next UN Climate Change Conference (COP25) will be held from 2 to 13 December in Santiago, 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.
CLIMATE SUMMIT: COP25
COP25 in Chile 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 Santiago, 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 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.
It will be attended by around 200 governments, are of whom are working to make progress in climate negotiations. The political and technical agenda of the conference will be structured around four main work areas:
Completing the implementation of Article 6 of the Paris Agreement
This is a framework for the creation of an international cooperation system that enables the transfer of emissions reduction know-how. This system would form the basis for establishing a global carbon pricing model, in other words, putting a price on CO2 emissions by monetising the costs derived from the economic, social and environmental consequences of greenhouse gas emissions.
Closing the technical details of the Katowice Rulebook
Specifically, those relating to the political commitments made by the countries such as transparency, governance and climate financing, among others.
One example will be the work undertaken to specify and homogenise the parameters and contents of the Nationally Determined Contributions (NDCs). The Paris Agreement sees this benchmark document as the core of the political actions each country will perform with respect to climate action. However, the parameters of the objectives and a number of the details that will guide the design and updating of these commitments have yet to be specified.
Reviewing the Warsaw International Mechanism (WIM)
This is a system created in 2013 — at COP19 — to analyse actions designed to deal with the losses and immediate damage being generated by climate change, such as the disasters caused by hurricanes or tornadoes.
The role of the oceans, the incorporation of the gender perspective in work-related themes, and fair transition, and support for vulnerable groups will be some of the other topics that will be put under the spotlight, possibly resulting in the launch of specific platforms and initiatives.
The Chilean Presidency also wants to highlight specific topics that fall within the broader scope of combating climate change: oceans, the Antarctic, biodiversity, forests, adaptation and cities. Furthermore, the organisers have emphasised the importance of renewable energies, the circular economy and electromobility in order to achieve carbon neutrality by 2050.
IBERDROLA AT THE COP25
In total alignment with this proposal, 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.
As in previous years, the company will have an active role at the COP25 through initiatives such as Moving for Climate NOW, an electric bike ride organised by the Red Española del Pacto Mundial de las Naciones Unidas (Global Compact Spanish Network) and Iberdrola. It will also help to prepare reports and statements of ambition and take part in high level technical events.
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