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Iberdrola's Chairman and CEO, Ignacio Galán, has stated that the company will have virtually zero emissions in Europe by 2030 and maintained the commitment to achieve global emissions neutrality by 2050.
The commitment was made to the Secretary General of the United Nations, Antonio Guterres, during his speech at the meeting 'Caring for Climate', organised by the UN Global Compact at COP25. During his participation in the panel 'Our only future - the Role of the Private Sector in Reaching 1,5°C and Net-Zero', Galán discussed the company's strategy to support the transition to a low-carbon economy, which began 20 years ago. Iberdrola has invested more than 100 billion dollars since 2001 in new renewable energy, smart grids and efficient storage and the company will continue to devote more than $10 billion per year to these activities.
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