Galán sees the energy transformation as an opportunity to progress towards, "more sustainable and competitive production models"

The chairman of the Iberdrola group, Ignacio Galán, participated on Thursday 24 in the Tendencias 2022 forum organized by the newspaper El País, which analyzed the strategies with which to leave the recession behind and focus the recovery of the economy after the COVID-19 pandemic.

Galán was in charge of addressing the main lines of the transformation towards a green economy, key to recovery. During his speech, he highlighted the following ideas:

  • The energy transition will involve a mobilization of investments in the world of 30 trillion dollars (about 25.12 trillion euros) over the next 10 years.
  • It will also be a "driver for job quality", thanks to the creation of approximately 15 million jobs globally.
  • It is necessary to focus resources on those areas that have a future and on those sectors where we need to be, such as hydrogen or offshore wind power, while at the same time strengthening the sectors where the country is already at the forefront.
  • Much progress has been made in the path of green energy in the last 20 years, when Iberdrola bet on this model "fighting against everything and everyone". "We have invested 120 billion since 2001 in all countries," he explained, referring to the group's investment plan of 75 billion by 2025 and 150 billion by 2030.
  • For it to be possible to tackle the energy transformation, permits must be expedited: "If we have a slow system and we don't change the model, we won't get there".