The Paris Agreement of 2015 was a historic milestone in the global fight against climate change with the commitment of the signatory parties to contain the increase in the Earth's temperature. Long before this Agreement, the EU had already shown its desire to make economic growth compatible with the reduction of greenhouse gases in the medium and long term. To achieve these objectives, a change in the energy model is essential.
The European Union presented the European Green Deal at the end of 2019, which proposes a new strategy to achieve a prosperous and fair society, based on a resource-efficient economy and which sets the goal of achieving climate neutrality by 2050. This represents an increase in the level of ambition regarding the initial targets set by the EU, which must be reflected in an upgrading of the current 40% emission reduction target set for 2030. For its part, the Spanish government is working on a ‘Climate Change and Energy Transition Law’ and has presented the draft of the ‘Integrated National Energy and Climate Plan’ (NECP), which sets out ambitious targets for achieving a practically decarbonised economy by 2050.
Red Eléctrica has stated since 2011 its voluntary commitment in the fight against climate change by approving a specific strategy called Climate Change Commitment and a Climate Change Action Plan, whose latest version was validated in 2017, and includes the targets to be achieved in the 2020 and 2030 horizons as well as the main measures to be undertaken.
Review the document:
New reduction targets
The Red Eléctrica Group increases its climate ambition and undertakes the commitment to reduce its Scope 1 & 2 emissions by 55% by 2030
To achieve the 55% reduction in its direct emissions (Scope 1 & Scope 2), Red Eléctrica will intensify its efforts mainly with regard to sulphur hexafluoride (SF6). Actions in this area will include the renovation of facilities and the renewal of equipment and the improvement of methods for detecting and repairing SF6 leaks, among others.
With regard to Scope 3 emissions, i.e., those related with the supply chain and those that have the greatest weight within the Group, the Company has set a dual objective: on the one hand, a 28% reduction in GHG emissions; and on the other, that suppliers responsible for two thirds of emissions include SBTi (Science Based Targets) in their business practices. To this end, the Company will extend the support it is already providing to its suppliers to increase their knowledge of their impact and to identify and implement improvements to reduce it.
Further information can be consulted in our Carbon footprint section on our web.
Cornerstones of the Climate Change Commitment
Main courses of action of the Climate Change Action Plan