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HomeLatest NewsSánchez Galán asks leaders in Davos for ambition to accelerate electrification

Sánchez Galán asks leaders in Davos for ambition to accelerate electrification

Date: May 31, 2023 Time: 08:47:18

The Chairman of Iberdrola, Ignacio Sánchez Galán, is one of the business leaders who will participate in the World Economic Forum in Davos over the next few days. Before the international event begins, the head of the Spanish energy company has transferred to the policies that attend the meeting the measures that must be adopted now to break the cycle of the crisis driven by oil and gas. The objective, he has assured, is to offer energy security through clean energy as soon as possible.

Iberdrola has presented this Monday a new report entitled ‘Electric, Together’, as a call to action addressed to world political leaders, companies in the energy and industrial sectors and other economic and social actors, and which reveals the challenges that remain to be resolved in the energy transition, providing the best ways to achieve this goal at high speed.

In this sense, Iberdrola has recalled that it will invest 47,000 million between 2023 and 2025 to improve the energy system in the United States, Europe, the United Kingdom, Latin America and Asia-Pacific. The company argues that the five fundamentals for moving rapidly towards green energy security are driving climate solutions and not losing sight of the long-term goal of decarbonisation.

dependence on fossil fuels

Galán pointed out that “The harsh reality is that the world continues to depend on fossil fuels to satisfy close to 80% of its energy needs, which exposes us all to unnecessary high levels of uncertainty, inflation and pollution. The world does not act, its citizens and businesses continue to be gripped by international energy volatility and the window to address climate change is closing.”

“It is both worrying and ironic that unusual winter temperatures brought on by climate change have spared large parts of the Northern Hemisphere this winter from much more serious threats to energy security. We can and must do much, much better in 2023 and work and work to offer green energy security”, assured the Chairman of Iberdrola.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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