We are driving the green recovery forward in order to achieve a carbon-neutral future

#environmental sustainability #climate change #social action

At a time when its focus has moved from climate action to how to tackle reconstruction post COVID-19, this year's New York Climate Week (September 21 - 27) was concentrating on the lessons we can learn from the current situation to help us move towards a carbon neutral future by way of a fair transition. Iberdrola group, worldwide benchmark in the fight against climate change, approached this summit convinced that the only way forward with respect to recovery is the green way and committed to developing a more robust, sustainable and resilient economy.

 All the information about New York Climate Week


The activities and campaigns this year were marked by the COVID-19 crisis and its alignment with climate action and advocating for multilateralism, to celebrate the 75th anniversary of the creation of the United Nations (UN). In this context, Iberdrola group was the only Spanish company to take part in the debates on the state of multilateralism at the highest level and was present in the main declarations assumed by the private sector on matters of climate, sustainability and global cooperation.

 Participation in the main events and the design of the climate agenda

Iberdrola's chairman had a digital meeting with the vice president of the European Commission, Frans Timmermans, during which they analysed the new emissions reductions targets set by the EC and the role of technologies such as green hydrogen.

Then, after the speech by the general secretary of the UN, António Guterres, at the General Assembly, Ignacio Galán took part in the Private Sector Forum organised by the United Nations Global Compact. Specifically, he participated in the Business Response panel. Reflection on 75 years, during which he stated: "I only know one way to get over the crisis: by investing more in sectors with a future and becoming more productive and efficient. The recovery plans announced in Europe and in the rest of the world have two clear priorities: the green deal and digitalisation. But we have to speed things up".

Ignacio Galán, chairman of Iberdrola group

Transformation such as the one that Iberdrola has been leading for 20 years will be more necessary than ever during the coming years to rebuild our economies

In this regard, Galán talked about the 100 billion euros of investments in renewable energies, networks and storage made by the company since 2001 and the opportunities of the energy transition for employment and the conversion of traditional sectors in the economy of the future.

 Commitment to the most significant declarations

The chairman of the group, Ignacio Galán, joined the manifesto of business leaders for renewed global cooperation [PDF] promoted by the United Nations Global Compact to encourage progress towards a more equitable, inclusive and sustainable world. More than 1,200 CEOs from more than 100 countries signed the declaration to show their support for the UN principles and to promise more international cooperation to protect all citizens, promote peace and save the planet.

Galán also supported the European Commission (EC) proposal to step up climate ambition and reduce greenhouse gas emissions by at least 55 % by 2030. He therefore signed a manifesto with a further than 150 business people and investors that urges European Union leaders to support these objectives and align with the European Green Deal.

Likewise, Iberdrola has signed up to the Sustainable Ocean Principles, an initiative of the UN Global Pact oceans platform to promote the use of responsible business practices in activities linked to this environment. The company has been acknowledged by the organisation as being one of the leading companies adhering to these principles, highlighting its leadership in offshore wind power, and has made a noteworthy contribution to the sustainable oceans guides presented at Climate Week.

Iberdrola has also been mentioned as one of the companies that have participated in the workgroups in connection with green financing, specifically with the Principles for Integrated SDG Investments and Finance, and has joined the Call for Action initiative of the Business for Nature platform in the context of the forthcoming UN Conference on Biodiversity.

Elsewhere, Iberdrola has had special visibility in the Climate Leadership Now [PDF] report issued by We Mean Business — the main international coalition in defence of climate change from a business standpoint — as a result of its participation in campaigns, declarations, alliances and activities that reflect responsible behaviour in climate policies. The company is placed as the company showing the greatest combined leadership in commitment to the climate policy ambitions that it supports and intensity of actions to promote an ambitious focus.



The political and business announcements were more lukewarm than at last year's summit. This notwithstanding, from a political standpoint, this edition has had an outstanding role because of the dynamics that may be created from now on.

  • China has announced that it is committed to achieving climate neutrality before 2060 and peak emissions before 2030, a decision welcomed by almost the entire international community, which considers this increase in climate ambition to be a significant milestone in the commencement of a spiral of revised commitments in 2020.
  • The European Commission has reaffirmed its commitment to the proposal to revise its emissions reduction target for 2030 (rising from 40 % to 55 %) and to the European Green Deal as a route map for economic recovery.
  • The UK launches the COP26 Energy Transition Council to unite political leaders, investors and energy companies with a view to accelerating the transition towards clean energy. Moreover, to coincide with the fifth anniversary of the Paris Agreement, it will be organising an event on 12 December at which countries will be invited to revise their climate commitments upwards.


Green Recovery.

Green Recovery

Iberdrola group believes that post COVID-19 recovery can only be green, and is making a case for an economy that is climatically neutral, resilient, sustainable and inclusive.
Fight against climate change.

Worldwide benchmark in the fight against climate change

The company has committed to reducing its emission intensity to 50 gCO2/kWh by 2030 and being carbon neutral globally by 2050.
Active presence at climate summits.

Active presence at climate summits

We are being extremely active within the framework of the global and regional debate on climate policies.
Energy transition.

We are 20 years ahead of the energy transition

Iberdrola is committed to a clean, reliable and smart model which replaces production using polluting energy sources with clean energies.
World leader in renewable energy.

World leader in renewable energy

The group has invested 120 billion euros in renewable energy over the past 20 years.
Sustainable mobility.

We are the driving force behind sustainable mobility

We are leading the transition to sustainable mobility and the electrification of transport as an effective way to combat climate change.

Decarbonizing through renewables

The electrification of transport and residential heating and obtaining electricity through renewables will be the key factors in decarbonising the European economy by 2050.
Green financing.

An international benchmark in green financing

Iberdrola was the first Spanish company to issue a green bond and we are currently an international benchmark in this form of financing.

We are protecting biodiversity

The company is integrating the conservation of ecosystem biodiversity into its strategy and promoting clean energies as the source of sustainable development.

Leaders in promoting the SDGs

The group has incorporated the UN's Sustainable Development Goals (SDGs) into its corporate strategy, putting special emphasis on SDG 7 (affordable and clean energy) and SDG 13 (climate action), in addition to contributing directly to SDG 9 (industry, innovation and infrastructure), among others.


Green jobs.

Green jobs

The transition to a decarbonised economy is an engine of economic growth with the potential to create millions of green jobs.
Environmental taxes.

Environmental taxes

These are based on the principle that the polluter pays and that those behaviours that are harmful to the health of the planet are taxed.
Green recovery measures.

Green recovery measures

Ever more governments, bodies and companies are channelling their efforts into a green post COVID-19 recovery.
The worst decade for the climate.

2010-2019: the worst decade for the climate

The consequences of the increase in the average temperature of the Earth range from a rise in sea levels to extreme weather events.
Climate change.

Mitigating and adapting to climate change

Climate change is a threat to the future of our planet, but there is still time for us to adapt to it and mitigate its effects.

Overexploitation of natural resources

Natural resources are essential for our survival, but if we use them faster than they naturally regenerate, there is a distinct danger of them running out.
Sustainable infrastructures.

Sustainable infrastructures

The world will have to invest $90 trillion in sustainable infrastructure by 2030, according to estimates by The New Climate Economy.
Sustainable urban development.

Sustainable urban development

Citizens, planners and architects with an ecological conscience put their hopes in the eco-neighbourhoods.
Young people.

Young people and public mobilisation

Greta Thunberg is the figurehead of young people's fight against climate change, but she is not alone: thousands of young men and women have joined her.


Jonathon Porritt.

An unstoppable revolution

In an exclusive article for SHAPES, Jonathon Porritt, co-founder of Forum for the Future, writes that "it is more profitable to build and operate new alternative energy projects that it is to maintain existing conventional plants."
Erik Solheim.

A new ecological development model

Erik Solheim, ex executive director of the PNUMA, writes in SHAPES about the unprecedented opportunity facing us: "for the first time it is possible to adopt a new ecological development model."
Saskia Sassen.

Cities, key factors for change

The sociologist, author and professor Saskia Sassen speaks in SHAPES about the role played by cities in changing the way the new age is managed and insists on the need for us to "move far faster" as regards changing things.


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What is Climate Week NYC?

Climate Week NYC is the largest climate summit held in 2020. It brings together leaders from governments, business and civil society, as well as local authorities and international organisations to discuss how to curb global warming.

Why is Climate Week NYC celebrated?

Climate Week NYC aims to rebuild the global economy for people and for the planet as a pathway to a better future. To this end, it seeks to reduce global greenhouse gas emissions by half between now and 2030.

Who is organising Climate Week NYC?

Climate Week NYC is organised by The Climate Group, in partnership with the United Nations (UN) and New York City Council. The Climate Group is an environmental NGO working to accelerate climate action to limit the global temperature rise to 1.5 °C.

When was Climate Week NYC 2020 taking place?

Climate Week NYC 2020 was held from 21 to 27 September.

What were the themes of Climate Week NYC 2020?

This year, Climate Week NYC was structured around 10 major themes: clean energy transition; transport and infrastructure; industry and build environment; finance, investment and jobs; food and land use; nature and Science; U.S. and international policy; youth, public mobilisation and justice; sustainable travel and tourism; and climate impacts and adaptation.

What activities were taking place during Climate Week NYC 2020?

The climate summit kicked off with an opening ceremony, which brought together government and business leaders to outline their commitments to climate action and find ways to continue moving towards meeting ambitious climate goals.

For the third year, Climate Week hosted the Hub Live, a series of conferences, forums and workshops allowing the public and private sectors to work together to gather ideas for building a better future.

Another of the main events was the Nest Summit, which featured the most influential visionaries and politicians in the field of sustainability with the aim of broadening climate awareness.

In addition, Climate Week invited the public to participate by organising their own activities. In total, more than 350 events were planned both in New York and around the world.

The main activities could be followed live through the Climate Group's Facebook Watch page.

What was the motto of Climate Week NYC 2020?

This year's motto was For New York, for the World.