On Tuesday, Energy Minister Teresa Ribera has revealed Spain’s plans to close all seven of its nuclear plants between 2025 and 2035. This move forms part of Spain’s efforts to solely use renewable sources to generate all the country’s electricity by 2050.
Spain’s energy system generated 40% of its mainland electricity from renewable sources in 2018. Prime Minister Pedro Sanchez had said that in order to remodel it, a whopping 235-billion-euro investment will be needed between 2021 and 2030.
Ribera said that on Feb 22, the government is set to present a draft plan directed towards fighting climate change.
Channel NewsAsia reports that as presented under a draft bill drawn up last year, the government is planning to ban sales of petrol, diesel and hybrid cars from 2040 and work towards the installation of minimum 3,000 megawatts a year of renewable capacity – for instance, wind farms and solar plants.
Nuclear power makes up slightly over 20% of mainland Spain’s electricity. The country’s nuclear plants started operating between 1983 and 1988 and are owned by Iberdrola, Italian-owned Endesa, Naturgy and Portugal's EDP.
Spain’s unemployment at its lowest in 10 years
Spain’s unemployment rate has fallen in the fourth quarter, dropping to its lowest level in ten years as an increase in agriculture and construction jobs counteracted the tourist industry’s off-season, according to official statistics released Tuesday.
posted on 29.01.2019
Foreign investors switched on to Spanish property
Data from the Spanish Land Registrars Association shows that foreign investors are rushing back to the Spanish property market in considerable numbers. Similarly to other European economies, the Spanish property market has struggled since the 2008 financial crisis which sunk the worldwide economy into a recession and nearly prompted a depression.
posted on 27.06.2017
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