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A space to keep abreast of the latest news and developments in climate change and energy transition

Towards a sustainable future

Discover the main challenges of the energy transition and see how they are being faced.

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Challenges of climate change and energy transition

The energy transition is key to addressing the challenges of climate change and effectively reducing greenhouse gas (GHG) emissions.

Climate Summits
Climate summits have the purpose of monitoring commitments and agreements made by countries to mitigate climate change.Climate change is one of the most significant challenges humanity faces today. It's a global problem that must be tackled urgently. Greenhouse gas (GHG) emissions in the atmosphere are warming the Earth's temperature and causing dangerous and irreversible economic and environmental impacts. Global warming provokes, among other changes, more extreme weather that affects current and future generations and as a consequence, can have increasingly more serious repercussions on the economy, environment, our health, and daily life, in general. Decarbonising the economy must be a paramount goal and requires a structural change in the energy model and transformation in our production and consumption. Against this challenge, the energy transition must be the centre of every political and economic strategy to facilitate decarbonisation in all sectors, especially industry, mobility, and electricity and to encourage the incorporation of primary energy sources with low CO2 emissions.   International coordination mechanisms The increase of GHG emissions into the atmosphere is closely related to the use of fossil fuels, and the energy sector is called to play a vital role in addressing this global challenge. Growing consciousness of this environmental issue has led to several international agreements for achieving environmentally-sustainable economic growth. First came the principal international mechanism, the United Nations Framework Convention on Climate Change (UNFCCC), which gave rise to the Kyoto Protocol and the decisions and commitments made at the various "Conferences of the Parties" (COPs) that resulted in the Paris Agreement in 2016 and the Climate Summit (COP26) held in Glasgow in 2021. Climate summits Climate summits consist of annual meetings between UNFCCC signatory countries to track the progress of commitments made in previous editions. The UNFCCC began in 1992 at the Earth Summit in Río de Janeiro and set a precedent for the protection of the environment. There, for the first time, a multi-lateral treaty recognised that climate change was a global problem. The signatory nations were obliged to adopt measures to "stabilise" the concentration of GHGs in the atmosphere to conserve the environment.  What is the mission of these climate summits? Annual climate summits or COPs aim to assess how member states are applying the content of the previously agreed treaty and furthering agreements to fight climate change. Thus, they are the most important framework for discussion in this field and a supranational instrument for decision-making and advancing the proposed objectives. How many climate summits have been held? Including the first climate summit, or COP, held in 1995 in Berlin, 26 conferences have been held, hence the number assigned to the recent summit in Glasgow. Not all the COPs have had the same relevance. Some have made just minor progress, while others ended in disaster – for example, 2009 in Copenhagen, where China and the United States found themselves at an impasse and declared the commitments not legally binding – but others have been consequential, such as COP3, when the Kyoto Protocol was adopted, and COP21, where the Paris Agreement was born.
The challenge of decarbonizing industry
Decarbonising industry is essential for reducing greenhouse gas emissions that contribute to climate change.Relevance of the industrial sector in energy transition In order to face the challenges of climate change, the global economy must address a rapid process of transformation and decarbonisation in the coming decades that will affect all sectors. One of the most relevant will be the industrial sector.  The Spanish manufacturing sector makes up 23.6% of final energy consumption and creates 24.7% of greenhouse gas (GHG) emissions. Although notably behind transport, the industrial sector is a huge consumer of fossil fuels, especially natural gas, using 59.2%.   Industry is the economic sector that has made the most effort to reduce its consumption levels by improving its efficiency ratios and energy intensity and reducing greenhouse gas emissions1. However, given its impact, progress must continue to be made toward decarbonisation without risking competitiveness.
Carbon markets and their role in the energy transition
Check out the calendar of virtual and on-site events to keep abreast of the latest developments.
Glossary of terms
All the terms you need to know to understand the world of energy and the energy transition, made easy for you.