1. Climate strategy
  2. The regulatory environment
  3. Volver

Ferrovial

Ferrovial - Integrated annual report 2013 / The regulatory environment

Although in 2013 uncertainty has remained about the post-Kyoto era at a global scale, the European Union maintains a commitment to leadership in the area of mitigation of climate change and reduction of emissions. 

The last Conference of the Parties held in Warsaw in November 2013 saw as its main challenge to make progress toward a major agreement to reduce greenhouse-gas emissions based on the Doha agreements. It was held in a context of skepticism. Even so, agreements were reached, particularly in the area of deforestation, which can serve as the basis for future progress.

Meanwhile, the last report from the Intergovernmental Panel for Climate Change (IPCC) confirmed the worst expectations with respect to the impact expected at planetary level, and stressed that we are running out of time for reaching agreements to reduce emissions.

Ferrovial’s position is firm: it calls for a binding and global agreement is urgently required to establish a roadmap for the forthcoming years, with sufficiently ambitious targets with the certainty to support long-term investment and the development of low-emission technologies, services and infrastructure.

On the positive side, Europe maintains an ambitious commitment to the economic and environmental agenda in the upcoming years. There is now certainty that the 2020 targets will be met with ease, and an initial agreement has been reached to reduce greenhouse gas emissions by 40% on the 1990 figure. Ferrovial considers that this ambition can boost important markets for the company, such as energy efficiency, attract long-term investment and promote innovation in industry and services across the European Union.

Case study

Plan Adapta

One of the priorities of the Spanish Office for Climate Change (OECC), within the framework of its Third Working Program, is to encourage the incorporation of adaptation to climate change into the Spanish business sector. This integration has two aspects. First, there is the work aimed at analyzing, evaluating and acting to reduce the vulnerability to the expected impacts of climate change. Second, this adaptation can also be seen as an opportunity for some Spanish business sectors, which can develop strategies as suppliers of professional services in this respect.

Ferrovial was chosen by the Spanish Climate Change Office (OECC) within the Adapta Plan for a pilot project on the development of a methodology to analyze the vulnerability of one of its infrastructures to the impact of climate change. The aim was to introduce the adaptation to climate change into the business strategy and raise awareness of the importance of its implementation. Specifically, the pilot project was focused on a Cadagua water treatment plant. It aimed to extract conclusions and experiences that could later be shared with representatives of each sector. The project will give the opportunity to the private sector to play a pioneering role at international level, laying the technical groundwork and providing experiences for sharing in transport, energy, agricultural transformation, water activities, insurance and health projects, where integration of adaptation to climate change can be an essential competitive advantage.

This study was presented recently by the OECC and will be available on Ferrovial’s website in the Quality and Environment section. Based on information provided by the company and existing literature, the report analyzes the challenges and opportunities faced by this sector. It carries out a more detailed analysis on the vulnerability to climate change of Ferrovial’s activity, focused on a desalination plant located in Alicante.