Telefónica is making known its support of the Paris Agreement by accelerating its renewable energy plans: to reach 50 per cent renewable energy by 2020 and 100 per cent by 2030, combined with a reduction in energy consumption.
Telefónica is one of Spain’s largest multinationals and one of the largest private telecommunications companies in the world. Today 44 per cent of Telefónica’s electricity consumption is already renewable, meaning that the company doubled its use of renewable electric energy from 21 per cent just one year ago.
“Our Renewable Energy Plan helps us to improve our competitiveness, reduce our operational costs and to make growth compatible with a sustainable strategy,” Telefónica’s global CTO Enrique Blanco said in a statement.
In order to make its commitment to the Paris Agreement public, Telefónica has now joined RE100, a global and collaborative initiative involving influential businesses committed to achieving 100 per cent renewable electricity in order to massively increase the demand for renewable energy.
Sam Kimmins, Head of RE100, The Climate Group said: “By joining RE100 and progressing its renewable electricity goals, Telefónica is demonstrating that climate leadership and business leadership go hand in hand.”
The progress achieved this past year year through the company’s renewable energy plan is mostly due to purchasing renewable electricity with guarantees of origin in Spain, which represents 79 per cent of Telefónica’s energy consumption in the country, as well as the commitment of the operations in the United Kingdom and Germany, which are already 100 per cent renewable.
In addition, in other countries such as Costa Rica and Uruguay, the electricity consumed by the company is renewable by more than 90 per cent, thanks to the high development of these technologies in these countries.
Telefónica is also self-generating renewable energy and innovating to increase its use in the network. Currently, the company has 4,200 mobile telephone base stations that self-generate clean electricity, while in Uruguay 16 photovoltaic solar power plants are being installed in rural areas. And in the company’s Madrid business complex, Distrito Telefónica, solar panels generate more than 3 GWh/year.
Image credit: Telefónica