Climate Change and Greenhouse Gas Emissions
From Main Environmental Aspects
Climate change is one of the major challenges of the energy sector, with a vital role in this area, given that production technologies using fossil fuels have an important specific weight in greenhouse gas emissions. The main options available to face climate change from the energy sector are the promotion of renewable energies and the use of fossil fuels with lower carbon content in thermal production, in addition to improvement in generation, transport and final use of energy. IBERDROLA supports high-level political negotiations in order to reach an agreement to reduce emissions in the medium and long term, both in industrialized countries and in those which are in the process to reach it. The ambitious objectives provide the right signals to the promotion of technological change in the electricity sector and favors the generation with cleaner technologies.
The Group took an active part in the Doha summit, ...
The Group took an active part in the Doha summit, which was held in December 2012. The agreement reached in Qatar is a step further in the process required to resolve the challenge posed by climate change, whose consequences have been described in the reports of the UN Intergovernmental Panel created for this purpose.
Recognizing the critical role that energy sector plays in this area, IBERDROLA has a Climate Change Policy in which undertakes to promote support for the necessary international agreements to tackle this environmental problem, promote technology development efficient in terms of emissions of greenhouse gases, promote energy efficiency and awareness to their customers to make responsible energy consumption.
Moreover, IBERDROLA supports the objective of limiting global temperature increase in 2ºC with emission reduction targets ambitious associated with scientific advances in this area and an important role in the CO2 price signal emerged in the market.
IBERDROLA supports the extension to the Kyoto Protocol. Once again, in the forum of the United Nations, the signatory countries have agreed to formally commit to reduce emissions in order to avoid exceeding an average increase in temperature of more than two degrees centigrade by 2010. However, the development of finance mechanisms and the participation of the private sector in the mitigation of this increase is still pending.
Prior to the Doha summit, the Company signed the Carbon Price Communiqué, which was addressed to governments by leaders of more than 200 companies. This initiative of The Prince of Wales’s Corporate Leaders Group on Climate Change (CLG), managed and developed by the University of Cambridge’s Programme for Sustainable Leadership (CPSL), promotes the setting of a price on carbon as a means of promoting investment in green technologies and reducing emissions.
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