UAE’s Masdar and Spain’s Iberdrola met in Madrid to discuss accelerating renewable energy growth and support global net-zero goals.
To this end, Dr Sultan Al Jaber, founding CEO and current Chairman of the UAE’s RE firm, Masdar, met Ignacio Galán, Executive Chairman of leading global clean energy firm, Iberdrola, in Madrid recently.
Dr Sultan has been meeting global leaders for strategic alliances and build consensus toward solutions that can deliver a just and equitable energy transition, ahead of the UAE hosting the UN climate change conference, COP28, in November and December,2023.
Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, said, “The world needs to triple renewable energy capacity by 2030 if we are to keep the Paris Agreement goal of limiting global warming to 1.5 degrees within reach. This can only be achieved through strong international collaboration. Both Masdar and Iberdrola have long and proud histories of advancing life-changing renewable energy projects around the world. Not only do these projects boost decarbonization, but they also increase jobs and opportunities. This is exactly what is needed if we are to accelerate the energy transition, without leaving people behind.I was delighted to meet Galán and to discuss constructive ways in which the renewable energy sectors in both the UAE, Spain, and across the world, could continue to expand on their vital mission for the maximum benefit of people and the planet.”
Ignacio Galán, Executive Chairman of Iberdrola, said, “Iberdrola has decades of experience in delivering the clean and secure energy model the world needs, investing more than 150 billion Euros in the transition over the last 20 years. With another vital COP summit approaching, and much work to be done to stay on track with the Paris agreement, it is more important than ever that policymakers, and companies investing in energy, remain committed to boosting clean electrification through renewables, smarter grids and energy storage.
“It was a pleasure to meet again Dr Sultan Al Jaber. We both share the same outlook that renewables are the best way forward for the planet. Many private companies and investors from across the world are making the right calls on supporting the transition. Together we can help the world to meet its climate targets, as well as supporting economies and enhancing employment,” he noted.