Ignacio Galán defends at COP30 that economic and environmental sustainability are fully compatible thanks to electrification

The Executive Chairman of Iberdrola, Ignacio Galán, spoke today at the panel on energy transition organised within the framework of the summit of heads of state and government convened by President Lula da Silva on the occasion of the 2025 United Nations Climate Change Conference (COP30).

The session was attended by the Secretary-General of the United Nations, the President of Brazil, the President of the European Commission, the Director of the International Energy Agency and the German Chancellor, among other international leaders.

Ignacio Galán stressed that investments in renewables are advancing, but more energy storage and electricity grids are also needed to electrify the economy and respond to demand, which is expected to increase by 50% worldwide in the next 10 years.

Galán defended that economic and environmental sustainability are fully compatible and this is demonstrated by Iberdrola's track record. The Group has invested nearly 175,000 million euros in the last 25 years to advance electrification through renewable energies, electricity grids and storage, and this has made it possible to increase strategic autonomy and security of supply and improve competitiveness, while promoting development and social progress.

In addition, the chairman of Iberdrola pointed out that, for this objective, collaboration between companies and administrations is very important to find solutions to advance in environmental care and climate action.

Iberdrola has presented an investment plan of 58,000 million for the next four years, and clear and stable energy policies, predictable regulatory frameworks and speed of processes are required to carry out these investments.

As he has been highlighting in recent years, the chairman of the main European electricity company and one of the two largest in the world by market capitalisation, insisted that promoting these investments also generates value for everyone.

In the case of Iberdrola, it materialises in: 100 million people to whom it supplies safe, clean and competitive energy; 17,000 million euros allocated to purchases each year from thousands of suppliers who support 500,000 jobs; more than 10,000 million euros of annual tax contribution; and CO2 emissions already close to zero.