Decarbonisation requires shared responsibility between business and governments

Written by Ignacio S. Galán on 20 March 2017 in Thought Leader
Thought Leader

Decarbonisation requires a shared responsibility between business and governments, argues Ignacio S. Galán.

Ignacio S. Galán is Chairman and CEO of Iberdrola

Ignacio S. Galán | Photo credit: Iberdrola


The path towards a decarbonised economy needs continued efforts and shared responsibility from both governments and corporations. The European Union first demonstrated its unquestioned leadership in the fight against climate change by setting very ambitious targets in its 2020 climate package. In 2015, through its active participation in the Paris agreement, it succeeded in promoting ambitious multilateral targets for the whole world. 

The European Commission's recent energy package once again confirms the EU's commitment to decarbonisation by setting out a new European energy model supporting the development of renewables and promoting energy efficiency for 2030.

At Iberdrola, we have been engaging proactively in the fight against climate change for over 15 years. We are now the number one wind energy producer worldwide. Our environmental commitment is reflected in a 31 per cent emissions reduction in the last five years, and 75 per cent since 2000 in Europe, thanks to 66 per cent of our global production capacity being emissions-free.


RELATED CONTENT


But much more still needs to be done by all stakeholders if we are to achieve what was promised in Paris. As part of our engagement, the target we have set ourselves for 2030 is a 50 per cent reduction in emissions from our 2007 levels. 

And, for those prepared to invest in the future, we firmly believe that the environmental challenge can be transformed into a true opportunity for wealth creation, investment and innovation.

We fully back the Commission's winter package proposals as they will provide an appropriate framework to meet the three aims of EU's energy policy - sustainability, security and affordability. A great step has been reached by the Commission on the integration of more new technologies into the system, as well as the aspiration of encouraging more active consumers in the market. Networks, and in particular smart grids, will be essential.

The Commission proposals enabling a higher penetration of renewables into the market should be widely welcomed by energy consumers as well as the energy sector as a whole. We also support the provisions allowing capacity mechanisms to ensure the firm and flexible backup capacity required for massive clean energy penetration while ensuring a secure supply.

Overall, the European Commission's strategic proposals create the right conditions to drive crucial investments in innovation and technology that can deliver Europe's energy efficiency and climate change targets. 

To improve competitiveness, non-energy related costs must be eliminated from electricity tariffs and shared among all energy sectors so that each of them plays its part in emission reductions.

Finally, measures that ensure higher electrification will promote decarbonisation and, consequently, the achievement of European targets.

 

About the author

Ignacio S. Galán is Chairman and CEO of Iberdrola

Categories

Share this page

Tags

Categories

Partner content

This content is published by the Parliament Magazine on behalf of our partners.

Related Articles

Markku Markkula EU energy policy should focus on local resources
24 March 2017

The EU's energy ambition has great potential, and Europe’s cities and regions are ready to deliver, writes Markku Markkula.

MEP Awards 2017 MEP awards 2017: A few words from the winners
23 March 2017

Maltese deputy Roberta Metsola hosted the Parliament Magazine's annual MEP awards ceremony recognising MEPs for their outstanding work over the last year.

Morten Helveg Petersen Energy union is on the right track: It's time to deliver
22 March 2017

A major challenge lies ahead in achieving the right level of ambition and coordinating the political debate and legislative process of the winter package, writes Morten Helveg Petersen.

Related Partner Content

Iain Conn What's at stake for European energy post-Brexit?
20 December 2016

Iain Conn asks, what's at stake for European energy post-Brexit?

A combine harvester and a tractor on a farm PM+: Farming lobby warns against cutting EU biofuel targets
27 February 2015

Now is not the time to jeopardise the benefits of biofuel production, says Pekka Pesonen.

Oil refinery PM+: Energy union plans 'like a glass half full', says industry chief
8 April 2015

EU policymakers will need to 'fill the glass' and build on the commission's initial energy union proposals, argues Chris Beddoes.