Climate change
Climate change is one of the most pressing challenges of our time
Science informed the Paris Agreement goal to limit global warming to 1.5°C as our best chance to avoid the worst and irreparable impacts of climate change. In 2024, global temperatures crossed that threshold for the first time – a single year above 1.5°C does not mean the Paris Agreement’s goals are unattainable but serves as a critical warning.
Global warming projections over this century state that with the implementation of current policies the world can face 2.8°C of warming above pre-industrial era.
The challenge is immense, but so is our opportunity. The power sector holds the key – accelerating renewable energy and electrifying transport, buildings, and industry. Progress is happening faster than ever, but we must act boldly and move even faster to avoid a permanent overshoot of 1.5°C.
Together, we can power a sustainable future. The time to act is now.
These efforts reflect EDP’s firm commitment to the energy transition and to driving a cleaner, more sustainable energy future. At the heart of this strategy sits a global investment plan focused on boosting long-term sustainable growth by scaling renewables and strengthening electricity networks, reinforcing EDP’s decarbonisation path toward net zero by 2040.
Our commitments to the energy transition
renewable generation in 2026-2028
Growth CAPEX in Renewables & Networks in 2026-2028
by 2040
Net Zero by 2040
EDP is reinforcing its path for a more decarbonized portfolio towards Net Zero, by investing in renewables & Networks and aligning objectives with suppliers, while deploying smart and green client solutions.
Science based targets initiative
EDP’s mid-term (2030) and long-term (2040) emission reduction targets are validated by the Science-Based Target initiative (SBTi) under the Net Zero Standard.
Accelerating our climate transition
Reducing GHG emissions is crucial to protect and restore planetary health. EDP has been doing it by accelerating renewable energy and decarbonizing operations, and will continue to do so.
Built upon the commitment to become Net Zero by 2040, and building on a comprehensive internal work by the Net-Zero Acceleration Task Force, EDP put in place its Climate Transition Plan in 2023, marking a significant step towards a sustainable future.
Aligned with the Task Force on Climate-Related Financial Disclosures (TCFD), CDP (Technical Note on Reporting Transition Plans), the UN's High Level Expert Group recommendations and following other best practices standards, the Plan sets the baseline of EDP's strategy for this decade under a broader pathway for a net-zero goal, identifies priority actions, and points out main challenges.
Addressing emissions sources through critical levers and actions, the Climate Transition Plan lays out the mitigation efforts to ensure EDP’s strategy and business model are compatible with the transition to a sustainable economy aligned with 1.5ºC.
Acting beyond mitigation in the value chain
EDP’s Net Zero commitment approved by SBTi requires compensation of residual emissions by 2040 in line with the Net Zero Standard. By 2040 onwards EDP will need to offset residual emissions which cannot be mitigated, through carbon removals.
While international and national rules are not completely stabilised and credibility standards are taking shape, EDP is assessing the business strategy for offsetting residual emissions in line with the SBTi Net Zero Standard, to ensure that the use of carbon credits is done in compliance with high-integrity and additionality requirements.
Global partnerships and dialogues to advance action
EDP actively contributes and supports global partners committed to support the business community to respond to climate change and progress on the energy transition.
Adapting today to secure tomorrow
EDP’s Climate Adaptation and Resilience Report 2025 showcases our global commitment to a sustainable, climate-ready energy future. Discover how innovation, science, and partnerships are building resilient infrastructures and protecting communities against climate change.