Friday, March 1, 2024

Q-Zero, the alliance for the decarbonization of thermal demand in Spain, continues

More than 40 companies participated in the launch event of Q-Cero, the alliance for the decarbonization of thermal demand in Spain, organized on January 24 at the headquarters of Iberdrola. The initiative, open to all agents, was born as a meeting and point of dialogue to facilitate decarbonization, especially for those who need thermal energy in the industrial and construction sector, and combat climate change.

The current rate of decarbonization in the industrial and building sectors is lower than what is needed to achieve the commitments made in the fight against climate change, and limit global warming to 1.5 degrees.

The alliance is considered a common area open to all agents where all entities meet, discuss the current situation, identify bottlenecks and develop proposals and activities that facilitate the electrification of heat in different sectors, maintaining competitiveness and taking advantage of and contributing to the materialization of energy transfer opportunities.

Heat electrification is a sector with special particularities, because, although there are many obstacles common to all businesses, there are also many differences. This fact provides challenges for accelerating the process of decarbonization of thermal demand, and at the same time an economic opportunity to develop new markets and decarbonization technologies in Spain.

The president of Iberdrola, Ignacio Galn, stated during the launch of the Alliance that there is a real urgency to transform our energy system. We need this to protect our environment, but also to increase our energy autonomy and reduce fossil fuel imports. It is a true alliance to decarbonize and take advantage of new opportunities. Many companies also share this commitment, and that is why we have reached agreements among ourselves, and in the financial sector to achieve this goal of multiplying clean energy by three.

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

Opportunity to pass

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

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

The weight of the industry is decreasing in Europe and even less in Spain. Their dependence on fossil fuels, the energy crisis, or the lack of energy autonomy, among other variables, increases the cost of energy, which affects competitiveness.

Spain, compared to other countries, has a competitive advantage with the best renewable resources in Europe. On the way to an energy transition without carbon emissions and security of supply at stable prices, Spain has a lot of clean and competitive energy, which represents a great opportunity to attract the industry of our country, which create employment and added value.

World Nation News Desk
World Nation News Desk
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