Acciona Sa (ACXIF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.596 Good morning, ladies and gentlemen, and welcome to the presentation 00:00:05.596 -- 00:00:07.638 of Accionas 00:00:07.638 -- 00:00:12.502 and Accion Energias' first half results of 2025. 00:00:12.502 -- 00:00:14.663 I will 00:00:15.425 -- 00:00:20.570 begin with a brief overview of our performance in our 00:00:20.570 -- 00:00:24.133 renewable energy subsidiary, Accionergia, 00:00:24.133 -- 00:00:30.897 and then move on to the rest of the businesses and the consolidated results. 00:00:31.604 -- 00:00:36.850 As a brief introduction, let me say that 00:00:36.850 -- 00:00:41.935 despite recent significant opposition, global 00:00:41.935 -- 00:00:47.001 climate action has finally gained irreversible 00:00:47.001 -- 00:00:49.001 momentum. 00:00:49.163 -- 00:00:55.111 Although progress is probably not as fast as it should be, 00:00:55.111 -- 00:01:00.378 The transformation is underway, and for the first time we're seeing hard 00:01:00.378 -- 00:01:06.503 evidence that the global emissions curve is starting to bend. 00:01:07.086 -- 00:01:12.052 If current trends hold, 2025 00:01:12.052 -- 00:01:18.260 may be remembered as the first year of decline in global greenhouse emissions, 00:01:18.260 -- 00:01:22.752 mostly driven by major economies like Europe. 00:01:22.752 -- 00:01:27.759 and China implementing structural emission reductions 00:01:27.759 -- 00:01:33.124 through the growth of clean energy mainly. 00:01:33.868 -- 00:01:38.896 Renewable energy is not only the cleanest, but the cheapest, about 00:01:38.896 -- 00:01:43.963 30 to 60 percent cheaper, most flexible, 00:01:43.963 -- 00:01:47.589 most scalable, most independent, 00:01:47.589 -- 00:01:51.558 and quickest option to implement. 00:01:51.558 -- 00:01:57.026 In fact, in the past ...