The country’s socialist government has unveiled a €47bn ($53bn) public investment plan, to be partly financed through the issuance of green bonds, which aims to combat climate change over 10 years. The initiative, which intends to make Spain carbon neutral by 2050, includes proposals to offset job losses in polluting sectors. A calendar of capacity auctions designed to help the country produce 74% of its electricity from renewable sources by 2030 and 100% by 2050 will also be outlined. The government claims that its plan will generate €Isla Binnie of investment. Spain will hold a general election on 28 April.
The country’s socialist government has unveiled a €47bn ($53bn) public investment plan, to be partly financed through the issuance of green bonds, which aims to combat climate change over 10 years. The initiative, which intends to make Spain carbon neutral by 2050, includes proposals to offset job losses in polluting sectors. A calendar of capacity auctions designed to help the country produce 74% of its electricity from renewable sources by 2030 and 100% by 2050 will also be outlined. The government claims that its plan will generate €200bn of investment. Spain will hold a general election on 28 April.