{"id":45975,"date":"2023-12-13T16:35:40","date_gmt":"2023-12-13T13:35:40","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=45975"},"modified":"2026-03-28T04:45:20","modified_gmt":"2026-03-28T01:45:20","slug":"leading-the-green-transition-accionas-ceo-urges-civil-society-to-spearhead-renewable-energy-shift-at-cop28","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/leading-the-green-transition-accionas-ceo-urges-civil-society-to-spearhead-renewable-energy-shift-at-cop28\/","title":{"rendered":"Leading the Green Transition: ACCIONA&#8217;s CEO Urges Civil Society to Spearhead Renewable Energy Shift at COP28"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>AN URGENT CHALLENGE<br><\/strong>\u201cCivil society must not wait for regulation, but lead the transition\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DUBAI (UNITED ARAB EMIRATES), DECEMBER 6<sup>th<\/sup>, 2023.<strong>&nbsp;<\/strong>\u201cWe are seeing a surge in renewable energy and the substitution of fossil fuels in the electric system is within our grasp. The capital and technology required are there and available, and&nbsp;the demand and the opportunity in renewable energy is greater than ever.\u201d said Jos\u00e9 Manuel Entrecanales, chairman and CEO of ACCIONA, during his involvement in the CNBC&nbsp;<em>Sustainable Futures Forum<\/em>&nbsp;in Dubai as part of COP28. \u201cCivil society must not wait for regulation, but lead the transition\u201d, he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWhile there are obstacles, like grid infrastructure and achieving the necessary permits, these are tangible, physical problems and can be overcome relatively easily. The real global challenge lies in what comes next, like how do we achieve competitive green hydrogen production,\u201d said Mr. Entrecanales<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the panel, entitled&nbsp;<em>Investing in the Future: How do we bridge the finance<\/em>&nbsp;<em>gap<\/em>, ACCIONA\u2019s Chairman went on to say that \u201cthe good news is that we have seen, through the [US] Inflation Reduction Act (IRA), how good policy and well-deployed capital can achieve what nobody thought was possible in such a short space of time.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cCOP28 will do much to further global awareness and conviction, and regardless of the specific agreements reached, bringing together the thousands of companies here in Dubai will help propel us on the journey we&nbsp;need&nbsp;to&nbsp;take,\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Entrecanales spoke on the panel in Dubai alongside Hubert Keller, Senior Managing Partner at Lombard Odier, Henry Fernandez, Chairman and CEO, MSCI, and Dr. Jennifer Holmgren, CEO, LanzaTech.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AN URGENT CHALLENGE\u201cCivil society must not wait for regulation, but lead the transition\u201d DUBAI (UNITED ARAB EMIRATES), DECEMBER 6th, 2023.&nbsp;\u201cWe are seeing a surge in renewable energy and the substitution of fossil fuels in the electric system is within our grasp. The capital and technology required are there and available, and&nbsp;the demand and the opportunity [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":45976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-45975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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