EDP's commitment to reducing CO2 emissions is a scientifically valid contribution to the fight against climate change. The SBTI's recognition validates the targets set by EDP to reduce combined specific emissions (categories 1 and 2) by 55% and absolute emissions (category 3) by 25% between 2015 and 20301.
EDP's strategy is based on a strong investment in new renewable capacity, as well as on new energy services where decarbonization, both through energy efficiency and electrification, plays a decisive role in achieving the targets of the Paris Agreement.
Led by the CDP, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) in collaboration with We Mean Business (WMB), the Science Based Targets Initiative aims to recognize companies whose commitments are aligned with the recommendations of the UN Scientific Committee, the Intergovernmental Panel on Climate Change (IPCC), and the International Energy Agency (IEA). This organization devised the roadmap that the electricity sector (generation and emissions) will have to follow in order to keep global warming below 2ºC, the baseline scenario of the Paris Agreement.
EDP is one of the first utilities in the world whose strategy is aligned with the CO2 emission targets set by the Paris Agreement.