Spain’s cabinet is set to approve a bill setting out a path to reduce greenhouse gas emissions to net-zero by 2050 on Tuesday, putting it on course to join a handful of wealthy nations who have written the target into law. Shifting away from fossil fuels requires hefty investment across the European Union (EU), whose central authorities have set out their own emissions-reducing plan to curb rises in the earth’s temperature.
Spanish Energy and Environment Minister Teresa Ribera echoed the EU’s commitment to use its “Green Deal” as a guide to the bloc’s recovery from the economic contraction brought about by the coronavirus pandemic. “Faced with COVID-19 … the energy transition will become a strong driving force to generate economic activity and employment in the short term, in a way that fits our needs as a country in the medium and long term,” Ribera said in a statement.
United Nations-backed scientists say emissions need to fall by 45% by 2030 and reach net zero by 2050 to have a 50% chance of limiting warming this century to the 1.5 degrees Celsius set out in a deal struck between world leaders in Paris in 2015. Spain also aims to get all of its electricity from renewable sources by the middle of the century. In the interim, it wants 70% to be renewable by 2030, from 47.3% in April 2020.
Source: Reuters
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