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Spain Readies Law On Clean Energy

BY Realty Plus

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Spain’s cabinet is set to approve a bill setting out a path to reduce greenhouse gas emissions to net-zero by 2050 on Tuesday, putting it on course to join a handful of wealthy nations who have written the target into law. Shifting away from fossil fuels requires hefty investment across the European Union (EU), whose central authorities have set out their own emissions-reducing plan to curb rises in the earth’s temperature. “Faced with COVID-19 ... the energy transition will become a strong driving force to generate economic activity and employment in the short term, in a way that fits our needs as a country in the medium and long term,” Spanish Energy and Environment Minister Teresa Ribera Ribera said. Spain will join Sweden, Britain, France, Denmark and New Zealand in enshrining into law the promise to go “net zero”, which means offsetting all greenhouse gas emissions with measures such as carbon capture or planting trees.

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Tags : INTERNATIONAL COVID-19 fossil fuels Spain Clean Energy reduce greenhouse gas emissions Spanish Energy and Environment Minister Teresa Ribera Ribera net zero