There has to be a correlation between climate pretensions and the programs designed by countries to achieve them”
Ignacio Galán, Chairman of Iberdrola, took part in an interview organised by the American fiscal media Bloomberg within the frame of the Davos Forum 2022, where the CEO attended as a representative of the electricity company. During the discussion, in which the significance of furnishing consonance between energy objects and programs was stressed, Galán stressed the following ideas
We’ve been investing in the energy transition for further than 20 times, titillating the frugality, and the situation isn’t new for Iberdrola.
Europe is doing a estimable job in nonsupervisory matters, furnishing countries with the right tools, including speeding up permitting processes; stable regulation and artificial impulses, as there are numerous sectors that want to decarbonise their conditioning. They’ve bettered their Fit for 55 plan, which Ignacio Galán calls” Fit for Tone- Adequacy”.
The current environment has not changed our strategy. We plan to invest further than€ 60 billion in further renewables and in strengthening the grid.
Countries have realised that the result to the current extremity is to come less dependent on fossil energies. We’re going to secure our investments in the UK and for that we need stable nonsupervisory fabrics. Pungency is essential.
On benediction gains, the UK has not yet taken a decision, but if the rules change we need to know why. Iberdrola is going ahead with its investment plan.
To overcome the current situation, a huge quantum of investment in grids and renewables is demanded in an terrain where consonance between energy objects and programs is maintained to advance the energy transition.