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Ignacio Galán Iberdrola

“The United States and Europe have to move forward together to decarbonise the economy,” says Ignacio Galán on CNBC

Posted on February 9, 2023April 19, 2023 by BP

“I believe that the solution to achieve decarbonisation is not one against the other, but side by side. It is not Europe versus America or America versus Europe. Americans and Europeans have to move forward together to decarbonise the economy”.

Iberdrola’s Chairman, Ignacio Galán, made that statement in a live interview with the economic TV channel CNBC on the occasion of the Davos 2023 Forum, in which he is participating.

His response to the media asking him about Europe’s apparent loss of leadership in the field of energy transition was clear. “I don’t think Europe is lagging behind. Europe has been leading on energy transition and decarbonisation for many years. Now the US is moving [referring to the Biden Administration’s Inflation Reduction Act], but Europe was already on that path. The point is that we have to adjust European legislation because others are also moving,” he explained.

“America is offering good and attractive legislation and now Europe has to adapt its legislation to remain as attractive as it was,” the Iberdrola chairman said.

Galán gave as an example of how fruitful collaborations can be the alliances that the company is fostering to promote the electrification of the economy and the development of renewables. Among other agreements, he mentioned the Iberdrola Group’s agreement with Shell to promote the development of offshore wind power in Scotland, the agreement reached with BP to accelerate the deployment of charging infrastructures for electric vehicles, and the very recent agreement with Norges Bank to

co-invest in renewable capacity in Spain. “It is not about competition, but about collaboration. Together we can go further and faster”, he reiterated.

Thus, he expressed a very encouraging view of the energy transition. “I am optimistic. Everyone is aware that we need to move faster and that we need clear, stable and predictable rules.

This growing awareness of the need to speed up legislation, permits and investments will contribute significantly to decarbonisation. “The problem of external dependence on fossil fuels is not only a climate problem, but also a self-sufficiency problem. That is putting in everyone’s mind that we need to accelerate the construction of renewables, the digitalisation of the grid and provide services based on full electrification.” An awareness, he said, that will help promote investments in the energy transition.

Galán once again advocated the need to electrify the economy and increase renewable technologies as a solution to this situation of energy dependence. “Around 80 % of today’s energy comes from fossil fuels. Only 20 % is electricity. And almost half of that electricity comes from fossil fuels. In his opinion, the key is “how can we get that 20% of electricity to be produced entirely from renewables and how can we increase the share of renewables in the total energy mix”.

El Mundo Empresarial

“Estados Unidos y Europa tienen que avanzar juntos para descarbonizar la economía”, asegura Ignacio Galán en la CNBC

“Creo que la solución para la descarbonización no es uno contra otro, sino uno al lado del otro. No se trata de Europa contra América o América contra Europa. Americanos y europeos tienen que avanzar juntos para descarbonizar la economía”.

El presidente de Iberdrola, Ignacio Galán, se pronunciaba así en una entrevista en directo concedida al canal de televisión especializado en economía CNBC con motivo del Foro de Davos 2023, en el que participa.

Su respuesta al medio que le preguntaba por la aparente pérdida de liderazgo europeo en el ámbito de la transición energética fue clara. “No creo que Europa se esté quedando atrás. Europa lleva muchos años liderando la transición energética y la descarbonización. Ahora Estados Unidos se está moviendo [en referencia a la Ley de Reducción de la Inflación de la Administración Biden], pero Europa ya estaba en ese camino. La cuestión es que tenemos que ajustar la legislación europea porque otros también se están moviendo”, explicaba. 

“América está ofreciendo una legislación buena y atractiva y ahora Europa tiene que adaptar su legislación para seguir siendo tan atractiva como lo era”, matizó el presidente de Iberdrola.

Galán puso como ejemplo de lo fructífero que pueden ser las colaboraciones las alianzas que la compañía está impulsando para promover la electrificación de la economía y el desarrollo de las renovables. Entre otros acuerdos, mencionó el del Grupo Iberdrola con Shell para impulsar el desarrollo de la eólica marina en Escocia, el que ha alcanzado con bp para acelerar el despliegue de infraestructuras de recarga para vehículos eléctricos o o el recientísimo con Norges Bank para coinvertir en capacidad renovable en España. “No se trata de competir, sino de colaborar. Juntos podemos llegar más lejos y más rápido”, reiteró. 

Así, frente a la transición energética, manifestó una visión muy alentadora. “Soy optimista. Todo el mundo es consciente de que tenemos que avanzar más rápido y de que necesitamos normas claras, estables y predecibles”. 

Esa creciente concienciación de la necesidad de agilizar la legislación, los permisos y las inversiones contribuirá notablemente a la descarbonización. “El problema de la dependencia exterior de los combustibles fósiles no es solo un problema climático, sino también de autosuficiencia. Eso está poniendo en la mente de todos que necesitamos acelerar la construcción de renovables, la digitalización de la red y proporcionar servicios basados en la electrificación total”. Una toma de conciencia, aseguró, que va a contribuir a promover las inversiones en la transición energética. 

Galán abogó de nuevo por la necesidad de electrificar la economía y de incrementar las tecnologías renovables como solución a esa situación de dependencia energética. “Alrededor del 80 % de la energía actual procede de combustibles fósiles. Sólo el 20 % corresponde a electricidad. Y casi la mitad de esa electricidad procede de combustibles fósiles”. En su opinión la clave está en “cómo podemos hacer que ese 20 % de electricidad se produzca totalmente con renovables y cómo podemos aumentar la cuota de renovables en el mix energético total”. 

Ignacio Galán Iberdrola

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