COP29: Climate Summit 2024
Iberdrola at the UN climate change conference in Baku
Events Energy transition Climate action
The current United Nations Climate Change Conference, better known as COP29, is being held from 11 to 22 November at the Olympic Stadium in Baku (Azerbaijan). With the slogan "In Solidarity for a Green World", this high-level meeting aims to extend the agreements reached in the historic Paris Agreement and encourage cross-country collaboration to achieve the energy transition.
As in previous editions, the Iberdrola Group will play an active role in COP29.
From 11 to 22 November, the capital of Azerbaijan, Baku, remains the global epicentre of dialogue on climate change and the commitments to sustainability of the different participating states and social agents. This year's theme, "In Solidarity for a Green World", highlights the urgency of real political will on the road to an energy transition and multilateralism between countries to achieve it.
More than 30,000 participants are expected, including heads of state and government, government officials, representatives of international organisations, business leaders, academics and civil society representatives.
The Iberdrola Group will play an active role in COP29, participating in various forums and meetings. The company has been two decades ahead of the energy transition, is a benchmark in the fight against climate change and is committed to a sustainable and competitive business model that creates value for society. Its objective is to achieve emissions neutrality in its generation plants, electricity distribution and own consumption by 2030 (scopes 1 and 2) and net zero emissions in all its activities by 2040.
On the road to COP29: objectives and priorities
The President-Designate of COP29, Mukhtar Babayev, Minister of Ecology and Natural Resources of the Republic of Azerbaijan, sent his first official letter
External link, opens in new window. to the conference parties and stakeholders at the end of August. In it he highlights the action priorities as well as the barriers that remain to be overcome to achieve them.
Framework for action
Key objective
Emissions reductions to keep temperatures below 1.5°C.
Higher ambitions
Ensure commitment to ambitious plans and encourage funding.
Inclusive process
Everyone's voices must be heard to achieve inclusive outcomes.
Key objective
Emissions reductions to keep temperatures below 1.5°C.
Higher ambitions
Ensure commitment to ambitious plans and encourage funding.
Inclusive process
Everyone's voices must be heard to achieve inclusive outcomes.
"It is imperative that we take tangible steps to demonstrate our shared commitment to climate action"
Mukhtar Babayev
Minister of Ecology and Natural Resources of the Republic of Azerbaijan
Priorities for action
To advance efficient and sustainable climate action, the COP29 President highlights the following priorities:
Aligning climate finance contributions with global needs
Efficient mobilisation of resources for capacity building where needed
Increasing the ambition of Parties in the creation of the next national climate plans
Promoting transparency as a cornerstone of mutual trust and accountability
Engaging "civil society, indigenous peoples, women, youth and other key stakeholders" to enhance mutual ambition
International agreements
25 years of searching for consensus on the fight against climate change.
Origin of the COP
Why are there different POPs and what is their history? Find out!
COP28, the predecessor of COP29
This edition comes on the heels of COP28 in 2023 in Dubai, where a very positive agreement was reached. For the first time, an explicit call was made to move away from fossil fuels to achieve net zero emissions by 2050. In addition, a target of tripling renewable capacity and doubling energy efficiency improvements was set for 2030.
The scenario to reduce the temperature increase to below 1.5°C through concrete actions on emission reductions and accelerated deployment of clean technologies was reaffirmed. A call was also made to reduce emissions from land transport and technical aspects and financial contributions for adaptation to climate change were approved.
At Iberdrola Group, a global leader in the fight against climate change, we are actively participating in COP28, showing our commitment to a sustainable energy model that generates opportunities. In addition to supporting the goal of tripling renewable capacity by 2030, we addressed various key issues such as skills development among young people to promote green job opportunities, positive renewable deployment for biodiversity and the promotion of energy infrastructures.