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The 25th climate summit (COP25) kicked off this morning in Madrid with an urgent call to drive action against climate change and a commitment from Brussels to propose the first transition bill towards climate neutrality. Endesa, a diamond sponsor of COP25, attended the official opening of this event. Presided over by Chile, the mission of this event is to prepare the ground for the more than 200 participating countries to present specific individual and collective contributions for the fight against climate change.
In addition to reviewing the ambitions of the countries and adjusting them to the levels required by the Paris Agreement, the summit will encourage the Parties to increase their climate-related ambitions and achieve the target set for global climate funding.
During the event, Endesa will make an active contribution, collaborating with numerous governments, institutions and observers to ensure that the Conference of the Parties of Madrid is as effective as possible in its objective of combating climate change. The company's official headquarters (at calle Ribera del Loira, 60) will become one of the side events of the COP25, and will host numerous official activities as well as events parallel to the summit (see Endesa's agenda).
Endesa's role at COP25 stems from the company's commitment to the process of ecological transition and the fight against climate change. On the road to decarbonization, Endesa is committed to renewable energy, the circular economy and sustainable mobility to achieve a new emission-free energy model.
The company is in line with the strategy of the Enel Group, to which it belongs, providing evidence of its firm commitment to decarbonization and sustainability, as kingpins in the fight against climate change. The Group, which is the international leading private company in renewable energies, has made a public commitment to the United Nations’ SDG 13, which means decarbonization of 100% of its energy mix by 2050, with a roadmap that sets ambitious objectives in intermediate periods such as 2020, 2030 and 2040.
Endesa's strategic plan for 2019-2022, presented last Wednesday, is a great leap forward in the transformation of the company towards sustainability and has substantially reinforced its commitment to renewable generation, approving an investment of €3.8 billion in these technologies during the period. A total of 40% of Endesa's generation facilities are renewable, accounting for around 7.4 GW at the end of 2019, compared to 28% just five years ago. This change in the generation mix will allow Endesa's emission-free production to reach approximately 85% in 2022.