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The chairman of Iberdrola, Ignacio Galán, has confirmed that “the climate emergency is an opportunity". He said this during a speech at the COP25, at the high level Getting climate neutrality by 2050 – We need to start now! event he attended with Executive Vice-President for the European Green Deal, Frans Timmermans; Director-General for Climate Action at the European Commission Mauro Petriccione; Teresa Ribera, Minister for the Ecological Transition, Spain, and Keit Pentus-Rosimannus, member of the Riigikogu, Estonia.

Ignacio Galán talked of the European Commission’s role as a leader in climate matters and the ambitious nature of the Green Deal recently presented to the European Parliament. The group's chairman also remarked: “Some countries tax renewable energies twice as much as coal”, adding that “there is a need to take urgent action now”. “We must transform commitments and objectives into specific actions and results, which will not be achieved by 2050 if we do not start working on the targets for 2030”, he concluded.