The private sector aligns its investment "appetite" with decarbonization goals

They evaluate the key trends addressed at COP26 in Glasgow

Representatives from various economic sectors, such as energy, health, finance or construction, have participated in the meeting "Spanish companies facing the challenge of decarbonization".

The "private sector investor appetite aligns with sustainable growth, which involves the financing of renewable energy projects and a more precise quantification by entities of climate risks throughout the value chain to achieve decarbonization objectives.

This was explained by representatives of the private sector belonging to various economic sectors, such as energy, health, finance or construction who participated in the meeting. «Spanish companies facing the challenge of decarbonization» organized by Forética and EFEverde, to evaluate the key trends addressed in the recent COP26 Glasgow (United Kingdom), from the perspective of companies.

The day, moderated by the director of EFEverde, Arturo Larena, has started with the intervention of German Granda, director of Forética - an organization that represents some 200 large Spanish companies and multinationals regarding sustainable development - who participated in person at COP26 and for whom climate ambition "has improved, but not enough."

Although progress has been made on issues such as “carbon markets, methane or forest protection,” Granda considers it “not too ambitious” to get rid of only “inefficient investments in fossil fuels.”

Before giving way to the first discussion table of the day, the director of the Spanish Climate Change Office (OECC), Valvanera Ulargui, has pointed out that “the commitment to net zero emissions by 2050” is an objective that constitutes “the north star” that will guide climate action in the business world in accordance with national and international commitments in this regard.

In the first round table, on “National reality", Julia MorenoThe manager of the climate change cluster at Forética has outlined the conclusions of the report "Net Zero Emissions: Spanish Companies Facing the Challenge of Decarbonization," in which sixty companies representing half a million employees in Spain participated.