26 MAYO 2020
The New Normal Has a Favorite Color, and It’s Green
Spain’s new plan extends until 2050; 200 billion euros will be invested, and around 350,000 jobs will be created.
This past Tuesday, May 19th, the Spanish government approved a new climate change draft law as one of the possible ways to recover from the economic crisis caused by the COVID-19 pandemic.
Although news outlets are currently plastered with information on the fight against COVID-19, we cannot forget that Spain is still one of the countries that has been most afflicted by global warming in Europe, as is evident from Spain’s constant coastal flooding, heat waves in the winter, and droughts.
The Council of Ministers, seeking to halt these negative effects, has approved a draft law centered around climate change and energy transition that once again promises a Spain that, by 2050, will be free of fossil fuels and greenhouse gases. To this end approximately 200 billion euros will be allocated, and accelerated investment in the renewable energy sector will be encouraged in order to reactivate the economy. Additionally, it will create between 250,000 and 350,000 jobs.
What changes does this imply for the Renewable Energy sector?
Thanks to this draft bill (remember that it still has to be approved by Spanish Parliament), by 2030, 70% of all energy produced must be generated by clean, renewable energy.
In order to reach this target, renewable energy tenders will once again be held in Spain, which have not been held since 2017. These tenders will be simpler and more accessible, and they will also be separated according to technology: solar, wind, and photovoltaic solar.
What other sectors will this law affect?
Besides generating new investment and jobs, the new law is also purposed to drive forward efforts for sustainable transportation.
First, the electric car continues to be a priority, and incentives for purchasing electric vehicles will be offered up until 2025. Also, there is the final goal that all cars sold in 2040 will be emission-free.
Second, cities and towns will have many more restricted or emission-free areas than they now do, which will promote bicycles and public transportation.
Can I contribute to the fight against climate change even if I don’t work in the renewable energy sector?
Every day, more and more people are investing in solar panels for their homes or businesses. This way, they’re not only contributing to the net-zero by 2050 target, they’re also cutting their monthly power bills by more than 50%, thanks to advances in solar power regulations.
Are you thinking of installing solar panels? Follow this link to calculate your savings.
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