Energy transition targeted in Spanish budget

A €670 million increase in taxation on diesel fuel and various measures to hasten Spain's energy transition were among budget proposals approved today by Spain’s centre-left government

A €670 million increase in taxation on diesel fuel and various measures to hasten Spain's energy transition were among budget proposals approved today by Spain’s centre-left government, and to be submitted shortly for evaluation by the European Commission.

The draft is based on an agreement last Thursday between the government and the left-wing Unidos Podemos alliance seeking a “transition to a new paradigm characterised by decarbonisation, decentralisation of generation and the electrification of the economy”.

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