In this paper we introduce and explore conformal parabolic iterated functio
n systems. We define and study topological pressure, Perron-Frobenius-type
operators, semiconformal and conformal measures and the Hausdorff dimension
of the limit set. With every parabolic system we associate an infinite hyp
erbolic conformal iterated function system and we employ it to study geomet
ric and dynamical features (properly defined invariant measures for example
) of the limit set.