Galán reaffirms Iberdrola’s investment commitment to the global energy transition

Galán reaffirms Iberdrola’s investment commitment to the global energy transition

He agrees with the UN Secretary General that the current global script shows that the energy transition can not stay, as it’s the result to both the problems created by high reactionary energy prices and climate change.
Iberdrola announces new biodiversity plan, with commitment to be net positive for nature by 2030
He met with EUVice-President Frans Timmermans in a meeting in which he supported the part of electrification in energy security and the decarbonisation of Europe.
Iberdrola’s US attachment is holding its Capital Markets Day in New York moment, where the company’s prospects for the coming times will be blazoned.
Iberdrola Chairman Ignacio Galán reaffirmed moment in New York the Spanish company’s commitment to investing in the green transition, both encyclopedically and in the United States, and called on policy makers and private sector companies to work together to overcome the walls that continue to hamper the deployment of clean energy and the necessary investment in renewables, grids and storehouse. Galán was speaking at a panel discussion organised by the Climate Leaders Group and chaired by European Commission ExecutiveVice-President Frans Timmermans as part of Climate Week in New York. The event entitled How the EU and US public and private sectors can work together to achieve global leadership on climate ambition and energy security brought together a broad representation of US private companies, public agencies and fiscalinstitutions.During his speech at the Empire State Building, the Chairman of Iberdrola appertained to the global problems related to the world’s dependence on fossil energies and the fresh challenges caused by the current energy extremity. Galán agreed with António Guterres, Secretary General of the United Nations, that” the current global script shows that the energy transition can not stay. It isn’t only a climate issue, it’s also critical to achieve energy tone- adequacy and address the problems created by the high prices of fossil energies, which still regard for 80 of global energy consumption”.” At Iberdrola we’ve no dubieties we’ve invested further than 140 billion euros in the energy transition and we will accelerate our investment plan in renewable powers, grids and storehouse, generating a positive impact for the frugality and society, but also for nature”, he said. thus,” at Iberdrola we’ve approved a new biodiversity plan, with a commitment to be net positive for nature by 2030, rather than negativing any impact on biodiversity produced by the company and acting on our force chain,” hesaid.The Chairman of Iberdrola recalled that, in the European Union, dependence on fossil energies has had a negative impact on the competitiveness of companies and has led to repeated heads in the last two decades. In addition, Galán wanted to appeal to the need for stable legal fabrics to attract the necessaryinvestments.However, I’m sure that there will be access to fiscal coffers,” he stated,” If the fabrics areincentivising.For Iberdrola, an accelerated path of electrification of the frugality through the deployment of renewable sources, grids and energy storehouse will be essential to address moment’s challenges. Accelerating the energy transition won’t only successfully address the climate extremity, but will also play a crucial part in perfecting energy security and competitiveness and in creating sustainable jobs across the value chain. Reducing dependence on fossil energies has clear benefits in terms of jobs, air quality and overall sustainable development. Responding to humanity’s most burning challenges requires us to find results together to make a more sustainable and flexible world for all.

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