Galán announces Iberdrola to invest€ 3 billion in green hydrogen to accelerate the European Green Deal
He has inked a Manifesto on Enforcing the European Green Deal aimed at reducing net hothouse gas emigrations by at least 55 by 2030 • The European Commission has drawn up a roadmap to achieve the objects despite the new global environment
Ignacio Galán, Chairman of Iberdrola, blazoned at the World Economic Forum in Davos that the company will invest€ 3 billion in green hydrogen to accelerate the’ European Green Deal’. Galán refocused out that green hydrogen is now a major European challenge, an occasion and that a stable European frame must be designed to boost investment in thistechnology.The President of the Spanish mileage stressed that green hydrogen is set to bring enormous artificial openings to energy uses that are delicate to exhilarate. We can not miss this train – he added – and, also to the rest of green technologies, a stable nonsupervisory frame is needed in order to attract investment. He also emphasised that a coordinated EU action is essential to achieve the ambitious targets, which include multiplying green hydrogen product capacity bytimes.Iberdrola has been a colonist in this technology, after the induction on May 13 of the largest green hydrogen factory for artificial use in Europe. The factory will produce tons of green hydrogen per time and the company has a design channel which will bear€ investments in aggregate. These investments have been agreed in the frame of the Manifesto on Enforcing the European Green Deal in the New Global Context. Members of the CEO Action Group for the European Green Deal are ready to work together with policy makers to transfigure Europe into a greener mainland, turning severe energy requirements and global food security pitfalls into profitable openings. Action Group members have corroborated their commitment to accelerate Europe’s green transition and stand ready to support European governments in developing programs that are” fit for purpose.” The European Green Deal, supported by Iberdrola and agreed in 2020, plans to achieve a 55 emigration reduction by 2030 and net zero by 2050. IBERDROLA, AN Illustration OF VALUE GENERATIONGalán believes that Iberdrola’s track record over the once 20 times showcases that a company’s commitment to the fight against climate change not only benefits the terrain, but also its shareholders and society ingeneral.Over the once 20 times, Iberdrola has grown sixfold in size, getting the leading company on the Spanish stock exchange, with a capitalization of close to€ 70 billion, the largest electricity company in Europe and one of the world’s four largest.
As a result of this growth, Iberdrola maintains supplier jobs worldwide, has workers and contributes further than€ 30 billion to the GDP of the countries where it operates.