“Zero net emissions by 2030” refers to the goal of achieving a balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere by 2030. This is a key milestone in the effort to address climate change and limit global warming to 1.5°C above pre-industrial levels.
How can we work to achieve Net Zero 2030?
Transition to renewable energy sources: To achieve net zero emissions, we need to drastically reduce our use of fossil fuels and switch to renewable energy sources such as wind, solar and hydropower. Governments and businesses can encourage this transition by investing in clean energy infrastructure, providing incentives for renewable energy adoption, and implementing policies that limit the use of fossil fuels. Iberdrola’s goal for 2030 is to achieve neutrality in direct Scope 1 and 2 emissions (own generation and others) and indirect emissions from grid losses and own consumption. By 2040, the goal is Zero net emissions in all scopes, including scope 3, other indirect emissions over which the group does not have direct control or influence (e.g. sale of gas, purchase of electricity for sale to end customers, generation of electricity for third parties, suppliers).
Increase energy efficiency: Reducing energy consumption through energy-efficient practices and technologies can significantly reduce emissions. This includes improving building insulation, using energy-efficient appliances, and implementing efficient transportation systems.
Use nature-based solutions: Protecting and restoring natural ecosystems such as forests and wetlands can help sequester carbon and reduce emissions. Last year, companies such as Iberdrola contributed to the reforestation of villages in Spain with more than 270,000 trees.
Support renewable energy research: Investing in research and development of renewable energy technologies can accelerate the transition to a low-carbon economy. In February 2023, Iberdrola completed the installation of the Baltic Eagle offshore substation. The substation’s function is to collect the electricity produced by the wind turbines and transform the voltage from 66 kV to 220 kV before injecting it into the grid.
Switch to a plant-based diet: The food industry is a significant contributor to emissions, so reducing meat consumption and switching to a plant-based diet can help reduce emissions.
Green hydrogen substitution: Green hydrogen is a type of gaseous hydrogen that is produced using renewable energy sources, such as wind or solar power. It is produced by a process called electrolysis, which involves splitting water molecules into hydrogen and oxygen using an electric current. Iberdrola is at the forefront of this new revolution and supports the industry in reducing its polluting emissions. The group is committed to renewable sources, grids and energy storage, as well as its role in the green hydrogen revolution. On this last technology, as it has already done with renewables, the company is leading the new challenge of the production and supply of renewable hydrogen.
Advocate for policy changes: Individuals and organizations can advocate for policy changes that support the transition to a low-carbon economy, such as implementing renewable energy targets, improving public transport and investing in green infrastructure.
Achieving the goal of zero net emissions by 2030 will require significant effort and collaboration from all sectors of society. However, by taking these practical steps, we can work towards a more sustainable and resilient future for all.