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“We have stopped projects that we do not dare to provide resources to”

The president of Naturgy, Francisco Reynés, took advantage of his intervention during the inauguration of the 9th Energy Forum organized by elEconomista.es to highlight the major challenge facing the sector: “I think we have a big, big problem with bureaucracy, which focuses particularly on the processes of allow; that is, in the processes that allow us to move from power to execution. This is one of the great challenges facing the sector, the European Commission and the governments of the countries. But if they see this as their own challenge, it will give us an extra motivation to move forward so that the steps are taken when they are necessary,” he said.

“All of us here have slowed down the projects, fallowto which we do not dare to devote many resources because we do not know the time that will elapse from its conception to its effective execution. And I take advantage of the opportunity that this forum offers me so that, as far as possible, we ensure that this regulation and these public authorities help the sector to be able to implement all the ideas that we have”, affirmed the president of Naturgy.

Reynés also spoke of the “trilemma” of finding a balanced solution between follow the path of decarbonization and, at the same time, find solutions such For affordability of prices as well as security of supply“. This would be the other great challenge of the sector, “which I would like to transfer to the new European Commission. Because even if in Europe we do not have a single energy policy, because we are captive to different energy maps in each country, progress is being made towards general objectives,” he added.

Reynés referred to the new stage that is opening at European level: “The start of the school year, which coincides with these days, seems to be the beginning of a new stage in the management of the sector. And this year, in In addition, it coincides with the beginning of a new stage in Europe: the commissions and the European management framework are being put in place. It was precisely Europe that decided, years ago, to take the lead in what it called the Green Deal, whose main objective. decarbonization objective by 2030, to reduce 1990 emissions by 50%. It was very good, but no one imagined that in this period until 2023 we would suffer what we have suffered: the significant influence of geopolitics in the world, and particularly in the energy sector”, stressed. “And these geopolitical movements, initially focused on Ukraine and Russia, then expanded and incorporated volatility and many other effects. A recent example could be the Israeli war, which I believe highlighted two additional aspects of the importance of decarbonization: security of supply and affordability of energy prices,” stressed the president of Naturgy.

(We are working to expand this news).

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Katy Sprout
Katy Sprout
I am a professional writer specializing in creating compelling and informative blog content.
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