Have you noticed how many countries I have told you about with plans to go fully renewable in electricity, all-electric in EVs, and carbon-neutral in everything else? Here is another, Spain, with its own plan independent of the EU's proposed trillion euro initiative.
Spain is poised to go fully-renewable by 2050
Spain’s government has announced an ambitious plan: the country’s grid will go fully-renewable by 2050. This radical de-carbonization of its economy over the next 30 years will reduce its greenhouse emissions by a whopping 90% (as compared to 1990 levels).
Poder verde [Green power]
The plan comes as part of Spain’s draft climate change and energy transition law. The current government is committed to installing at least 3,000 megawatts of wind and solar energy, per year, for the next 10 years. It’s a monumental undertaking.
Officials also stated that they’ll ban new licenses for fossil fuel drills, hydrocarbon exploitations, and fracking wells. One-fifth of the state budget will also be earmarked for measures that will curb climate change. This sum will increase from 2025 onwards.
The Spanish government has also scrapped a controversial “sun tax” that hampered the country’s booming renewable energy sector.
The new law mandates the Kingdom of Spain to reach a 35% electricity share for green energy by 2030. A 35% increase in energy efficiency is also planned by that year. Officials also said that government and public sector authorities will only be allowed to lease buildings that are close to being energy self-sufficient.