LOADING

Type to search

Iberdrola Q-Cero: Over 40 Companies Unite for Thermal Demand Decarbonization in Spain

Iberdrola Q-Cero: Over 40 Companies Unite for Thermal Demand Decarbonization in Spain

Iberdrola

This is a real partnership to decarbonise and seize new opportunities. Many companies also share this commitment, and that is why we are reaching agreements among ourselves and with the financial sector to achieve the goal of a three-fold increase in clean energy.” – Ignacio Galá, Executive Chairman of Iberdrola

  • The initiative aims to accelerate the decarbonisation of thermal demand in industry and buildings in order to reduce CO2 emissions and combat climate change and to seize economic and employment opportunities.
  • The partnership aims to provide clarity on the current situation, move forward, identify barriers and solutions in the different sectors and establish processes over the next two years to make faster progress.

More than 40 companies took part in the launch event of Q-Zero, the alliance for the decarbonisation of thermal demand in Spain, organised today at Iberdrola’s headquarters.  The initiative, open to all agents, was created as a meeting and dialogue point to accelerate decarbonisation, especially of thermal energy demand in both the industrial and building sectors, and to combat climate change.

The partnership, facilitated and supported by the Centre for Innovation in Technology for Human Development of the Polytechnic University of Madrid, has today brought together all sectors of the industrial economic chain.

The current pace of decarbonisation in the industrial and building sectors is below the pace needed to achieve the commitments made in the fight against climate change, and to limit global warming to 1.5 degrees Celsius.

The alliance is conceived as a common place open to all actors where all entities come together, discuss the current situation, identify bottlenecks and develop proposals and activities to accelerate the electrification of heat in the different sectors, maintaining competitiveness and taking advantage of and contributing to realising the opportunities of the energy transition.

The electrification of heat is a sector with special particularities, as although there are numerous barriers common to all businesses, there are also significant differences. This reality poses challenges for the acceleration of the process of decarbonisation of thermal demand, and at the same time an economic opportunity to develop new markets and decarbonisation technologies in Spain.

Iberdrola Chairman Ignacio Galán said at the launch of the Alliance that “there is a real urgency to change our energy system. We need it to protect our environment, but also to increase our energy autonomy and reduce fossil fuel imports. This is a real partnership to decarbonise and seize new opportunities. Many companies also share this commitment, and that is why we are reaching agreements among ourselves and with the financial sector to achieve the goal of a three-fold increase in clean energy.”

Galán also wanted to “thank the workers of all the companies that form part of this alliance for their commitment to building a more fraternal, equitable and sustainable world, and of course, one that is less polluted for everyone, where Spain has a unique opportunity. The social clamour and the political consensus demand it”.

The companies and entities that participated in the launch of the alliance were Abadía Retuerta, Ábbatte, AFEC, AndreuWorld, Antolín, AQ Compute, Bayer, bp, Carbon2Nature, Castillo de Canena, Contazara, Crimidesa, Disalfarm, EIT Climate KIC, Ence – Energía y Celulosa, Estrella Levante (DAMM Group), Fagor Ederlan, Ferrovial, Gonvarri Solar Steel, Google, Heineken, Holcim, Iberdrola, Kyoto, Lactalis, Latem Aluminium, Losán, Masam, Merlin Properties, Molecor, NetZero Basque Industrial Super Cluster, Pepsico, Plastic Energy, Porcelanosa, Rebi, Sabic, SpainDC, T500 Puratos and Tubos Reunidos Group.COUNTRY OPPORTUNITY

The alliance is in line with the European Union’s fight against climate change and its goal for all member countries to reduce their greenhouse gas emissions by at least 55% by 2030.

The demand for thermal energy accounts for approximately 40% of final energy demand in Spain. This demand is divided approximately equally between industry and heat needs in buildings, including the residential and tertiary sectors.

The weight of industry is decreasing in Europe and is particularly low in Spain. Its dependence on fossil fuels, the energy crisis and the lack of energy autonomy, among other variables, are increasing energy costs, affecting competitiveness.

Related Article: ADNOC commits $23 billion for Decarbonization Projects, Technologies and Lower-carbon Solutions

Compared to other countries, Spain has the competitive advantage of having the best renewable resources in Europe. On the path towards a carbon-free energy transition and security of supply at stable prices, Spain has abundant clean and competitive energy, which represents an enormous opportunity to attract industry to our country, generating employment and added value. 

Topics

Related Articles

LOADING

Type to search

Blog

Turkey Sets 2030 Target to Cut Aviation Emissions by 5% Using Sustainable Fuel
Green Climate Fund Approves Record $1.225B for Climate Projects
UK Launches First Onshore Wind Strategy to Double Capacity, Unlock 45,000 Jobs
Phlair, Carbon Removal AS Launch Europe’s First Large-Scale DAC and CO₂ Storage Project
ISSB Launches Major Review of SASB Standards to Strengthen Climate and Industry Alignment
IKEA to Cut 1,400 Tons of Plastic Annually with Paper-Based Fitting Bags
Salesforce Launches Agentforce to Automate Sustainability Disclosures and Unlock Emissions Insights
Terra CO2 Secures $124.5M to Accelerate Commercial Rollout of Low-Carbon Cement Alternatives
Allianz Commercial Launches Climate Risk & Resilience Platform for Businesses
EU Commission Proposes Tax Incentives to Accelerate Clean Industrial Transition
J.P. Morgan’s Kinexys Partners with S&P Global to Pilot Blockchain for Carbon Markets
Mars Achieves 1.9% Emissions Cut in 2024, Unveils $250M Sustainability Investment Fund
GRI Opens Public Consultation on Revised Labor Standards for Inclusion, Equal Opportunity
New Coalition Launches to Tax Premium Flyers for Climate Resilience and Fair Transitions
Dexter Energy Secures €23M to Expand AI-Driven Trading for Renewables and Batteries
88% of Companies See Sustainability as a Long-Term Value Driver, Morgan Stanley Report
Climeworks Secures $162M in Largest Carbon Removal Investment of 2025
Zelestra Expands Sustainability-Linked Loan to €770 Million, Backed by 11 Global Banks
EU Sets 2040 Climate Target with 90% Emissions Reduction
Microsoft Secures 1.1M Tonnes of Carbon Removals in 10-Year Deal with Hafslund Celsio
Google Signs Largest Corporate Fusion Energy Deal with Commonwealth Fusion Systems
Eni, Azimut Next Launch €100M Clean Tech Fund to Accelerate Energy Innovation
CAF Approves $5.2B for Sustainable Development
EU to Integrate Carbon Credits Into 2040 Emissions Target
SP Energy Networks Launches £1.4bn Grid Investment to Accelerate UK’s Clean Power 2030 Goals
ESMA Flags Gaps in Sustainability Disclosures, Calls for Tighter Oversight in Investment Sector
Nokia Secures €1.5B Credit Facility Tied to Scope 1–3 Emissions Reduction Targets
Swiss Climate Disclosure Law Put on Hold as EU Finalizes Sustainability Reforms
EU Commission Confirms Green Claims Directive Not Withdrawn
British Airways Signs SAF Deal with EcoCeres to Cut 400,000 Tons of CO₂ Emissions
EU, EIB Unveil €5 Billion Flexible Guarantee to Unlock Global Green and SME Investments
ESG News Week In Review: 23 June - 29 June
DBS, OCBC, and UOB Launch First Report on Nature-Related Financial Risks
Singapore Business Federation Seeks ISSB Climate Reporting Delay for Smaller Firms
Ambienta Raises €500M to Scale Europe’s Small Cap Sustainability Champions
Wolters Kluwer Launches ESG Tools for CBAM Compliance and Sustainable Financial Planning
Slovenia Raises €1B Through First Sustainability-Linked Bond
Tudor Expands Sustainability Program, Reinforces Ethical Watchmaking Goals
Eni and BMW Italia Join Forces to Advance Sustainable Mobility with Biofuels and EV Charging
Meta Secures Nearly 800 MW in New Clean Energy from Invenergy to Power Data Center Expansion
MERLIN Properties and Carbon2Nature Launch 200-Hectare Forest to Capture 160,000 Tons of CO₂
ByteDance Buys 100,000+ High-Integrity Carbon Credits from Rubicon Carbon
GRI Launches Climate and Energy Reporting Standards Aligned with Global Climate Goals
AIIB and Keppel to Mobilize $1.5B for Sustainable Infrastructure Across Asia-Pacific
UK Releases Draft Sustainability, Climate Reporting Standards Aligned with IFRS
FourTwoThree Launches to Unlock $50 Trillion SME Climate Finance Opportunity
UK Unveils Plan to Become Global Hub for Sustainable Finance, Launches Transition Plan Consultations
UK, Kenya, and Singapore Launch Government Coalition to Boost High-Integrity Carbon Markets
Frontier Secures Deal with Wild Assets for 120,000 Tonnes of Permanent Carbon Removals
Microsoft Signs 12-Year Deal with Agoro Carbon for 2.6 Million Soil Carbon Removal Credits
EU Adopts New State Aid Framework to Accelerate Clean Industrial Development Through 2030
Microsoft Signs 10-Year Deal with Anew Climate, Aurora to Secure 4.8M Forest Carbon Removal Credits
JPMorganChase Secures 50,000 Ton Carbon Removal Deal with 1PointFive
Gap, Target, and Houdini Partner with Syre to Drive Global Shift to Circular Polyester
IFRS Foundation Issues New Guidance on Climate Transition Plan Disclosures
Greenbelt Capital Closes First Fund at $1B to Accelerate Energy Transition
EU Council Pushes Major Cutbacks to Sustainability Reporting and Due Diligence Rules
L’Oréal Launches €100M Innovation Accelerator to Scale Sustainable Beauty Solutions
LEGO Marks Three Years of Near-Zero Waste to Landfill in Global Manufacturing
EFRAG Targets 50% Cut in ESRS Reporting Burden in Progress Update to EU Commission
UK Launches $3.56 B Industrial Plan to Drive Clean Energy
Virgin’s Net-Zero Targets Approved by SBTi, Signaling Bold Climate Commitment
Eni Sells 20% of Plenitude to Ares for $2.3B in Renewables
GRI Launches Machine-Readable Taxonomy to Streamline Global Sustainability Reporting
Cushman & Wakefield: ESG Ranks Among Top 2 Real Estate Priorities in EMEA and APAC
Singapore Releases Draft Guidance to Strengthen Use of Voluntary Carbon Credi
Image of black tesla cars driving in china
videocam
Deep Sky Secures First DAC Offtake Deal with Rubicon Carbon
HPCL to invest $231 million to build 24 compressed biogas plants in India
Carbon Upcycling Secures $18M to Scale Low-Carbon Cement Technology
Coldplay Cuts Vinyl Emissions by 85% with Recycled EcoRecords
La Caisse Sets $400B Climate Investment Target by 2030 Following Strong Decarbonization Gains
Octopus Energy Launches $60M Fund to Accelerate Clean Power Across Africa
Mango Becomes First Brand to Use Circulose® Since Restart
videocam
videocam
Climate Tech Partners Secures $50M+ to Back High-Growth Climate Startups
Volkswagen Bank Raises €1.5 Billion in First-Ever Green Bond to Boost EV Financing
ReGenEarth Launches £100M Green Bond to Scale Biochar Carbon Removal Tech
Eni’s Versalis Unveils Demo Plant for Breakthrough Plastic Recycling Tech ‘Hoop
EPP Rejects EU Green Claims Directive, Urges Full Withdrawal
Rubicon Carbon Launches Rated Carbon Credit Portfolio with AAport Certification from BeZero
TerraPower Secures $650M to Accelerate Advanced Nuclear Deployment
Norway Launches World’s First Full-Scale Carbon Capture and Storage Value Chain
Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Emerging Markets Green and Social Bond Active UCITS ETF (GEMS)
Google Maps Expands Sustainable Travel Features Across Europe
Datamaran launches Core Product to Streamline ESG Risk & Reporting
SAP Secures 37,000 Tons of Carbon Removals Through Climeworks Partnership
UN Global Compact Network Appoints Former Meta ESG Head Amanda Gardiner as Executive Director
KKR Acquires Zenith Energy to Expand Off-Grid Renewable Power in Australia
Amazon Becomes First to Use Sustainable Aviation Fuel at Ontario Airport in Neste Deal
IFRS Foundation Launches Free E-Learning Modules to Support ISSB Standards Adoption
UN Global Compact Launches CMO Blueprint for SustainUN Global Compact Launches CMO Blueprint for Sustainable Growth at Cannes Lionsable Growth at Cannes Lions
France Targets Ultra-Fast Fashion with Eco-Tax, Ad Ban, and Transparency Rules
SEC Drops ESG Disclosure and Shareholder Proposal Rules as Regulatory Rollbacks Accelerate
Australia Launches Sustainable Finance Taxonomy to Guide Net Zero Investment
","session_id":"ep-sess-1760567168-P3dtWrOQ","page_url":"https:\/\/esgnews.com\/iberdrola-q-cero-over-40-companies-unite-for-thermal-demand-decarbonization-in-spain\/","post_id":"25129","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */