The proposed climate change bill will ensure that Spain suppresses carbon emissions to net-zero by the end of three decades. The bill narrates how the country will solve the global warming problem in thirty years. The approval of this bill by the Spanish Parliament will imply that close to three-quarters of the country’s energy comes from clean energy resources, including solar and wind energy plants.
Moreover, the ban on coal, oil and gasoline will be useful in the time that the country has set in the plan forcing the late adopters of new technology out of the market or adjusting to the new normal in a short time. The new climate change bill agrees with the Paris Climate Agreement, making some people term it the latter’s aggressive replica. Nevertheless, this bill’s implementation will minimize global warming and accelerate the economy’s resuscitation back to life from the devastating effects of the coronavirus pandemic.
The ambitious nature of the plans has forced Spain’s government to adjust strategies that force the electricity market to depend on renewable energies fully. Consumers have received a convenient grace period in which they must switch their electricity suppliers to those whose energy comes from renewable energy or eventually go off-grid if their suppliers are overwhelmed and yield to the pressure to switch their sources.
Companies offering green energy have received incentives allowing them to provide renewable energy at affordable prices, with the challenge being the competition among electricity suppliers for this market. Additionally, the sun-tax withdrawal in Spain has allowed homes and businesses to switch to solar photovoltaic panels as their supplier of electricity. Since the country experiences over 300 sunny days each year, it is the best spot for setting up solar energy production farms.
Initially, taxes expended on these resources and the bureaucratic regulations surrounding their installations impeded the exploitation of this energy to benefit the citizens. Consumers and electricity providers are currently cashing into these projects to save up money and upgrade their living standards. Moreover, the new regulations allow the owners or suppliers of solar energy to be paid for the excess energy they retrieve and feed into the national grid. Additionally, the government promised to install not less than 3000 MW of wins solar energy throughout this decade. The CEO of the European Climate Foundation, Laurence Tubiana, emphasized that the transition to clean energy is no joke if Spain has decided to go all out to realize it.