Spanish industry boosts environmental spending
Spending by Spanish industry on environmental protection rose by 28% in 2002 to €1.89 billion, figures on released Monday by the country's National Institute of Statistics (INE) show. Almost half of this (€890m) was investment in new protection infrastructure, of which 27.4% was spent on measures improving air quality. Of sectors covered by the EU emissions trading directive, chemicals and metallurgy led the field with investment rising by 17.5% and 15.5 % respectively. The government has acknowledged Spanish industry's increased financial commitments with relatively generous climate allowance allocations and the pointed inclusion of transport and households in national greenhouse gas targets (EED 22/06/04). See INE press release.