José Manuel Entrecanales, president and CEO of Acciona, stated yesterday during his participation in the Sustainable Futures Forum in Dubai, within the framework of the COP28 summit, that “the capital and technology necessary to replace fossil fuels are available and accessible.”
During his speech he acknowledged that “although there are obstacles, such as poor network infrastructure or obtaining the necessary permits, these are tangible, physical problems, and can be overcome relatively easily. The real global challenge lies in what comes next, such as how we achieve competitive green hydrogen production,” said the group manager. Acciona is dedicated to the development and management of sustainable infrastructure solutions, especially renewable energy. In 2022, it recorded sales of 11,195 million euros and its presence in the world exceeds 40 countries.
In the round table entitled Investing in the future: how to bridge the financial gap, the president of Acciona pointed out that “the good news is that we have seen, through the US Inflation Reduction law, how a good “Politics and well-used capital can achieve what no one thought was possible in such a short period of time,” he noted.
Entrecanales participated in the Dubai panel along with Hubert Keller, managing partner of Lombard Odier, Henry Fernández, president and CEO of MSCI, and Jennifer Holmgren, CEO of LanzaTech.
In addition, Entrecanales said that the COP28 summit “will go a long way to fostering awareness and conviction on a global scale, and regardless of the specific agreements that are reached, bringing together thousands of companies here in Dubai will help propel us forward in the path we must take.”
During yesterday's session, data was also revealed on Spain's insufficient efforts to reduce emissions. According to a report presented at COP28 by the Climate Trace organization, Spain was the second country among the largest emitters in the world (more than 100 million tons of CO2 equivalent per year) in which emissions increased the most in 2022 compared to 2021. Specifically, they increased by 10.54%, reaching 355 million tons. The Spanish electricity sector alone increased its emissions by 22%, according to the non-profit coalition, made up of artificial intelligence specialists, data scientists, researchers and independent organizations, which manages a detailed inventory of greenhouse gas emissions throughout the world.
