Climate and energy immediate challenge for Spain’s new coalition government

After nine months of off-and-on negotiations and two general elections, the Spanish parliament yesterday approved socialist party leader Pedro Sánchez’s bid to head a left-wing coalition government committed to an ambitious environmental agenda.

The socialist party (PSOE)-Podemos coalition programme includes commitments to achieving 85-95% renewable electricity generation by 2040, to approving a climate change law and national energy and climate plan (NECP), and to reforming the electricity market to facilitate the transition to a decarbonised economy.

These reforms aim to reflect the progressively lower costs of renewable energy in electricity bills, give renewables producers a reasonable return and stop older technologies, typically nuclear and hydroelectric, from benefiting from windfall profits.

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
subs@endseurope.com
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.