Country:Spain
Year:2011
Policy status:In Force
Jurisdiction:National
Date Effective:2011
Policy Type:Regulatory Instruments, Economic Instruments>Fiscal/financial incentives>Tax relief, Policy Support
Energy Efficiency Policy Targets:Multi-Sectoral Policy
Renewable Energy Policy Targets:Multiple RE Sources, All
Policy Sector:Multi-sectoral Policy
Climate Change Policy Targets:Framework/ Multi-sectoral Policy, Energy Sector, Electricity Generation, Energy Sector, Electricity Generation, Renewable
Agency:Cabinet of Ministers
URL:https://www.boe.es/diario_boe/txt.php?id=BOE-A-2011-4117
Energy Efficiency Description:

The Draft Bill for the Sustainable Economy Law has been drawn up as the cornerstone of the Spanish government's strategy to define the new growth model for the Spanish economy. It is formulated around three central themes: improvements to the economic environment, the promotion of competitiveness and the development of sectors working in the fight against climate change. As such, the law will stimulate R&D and innovation by increasing the percentage of corporate taxes that can be deducted for innovative activities. Specific measures will benefit companies in renewable energy, and other climate change mitigation sectors, including in energy efficiency and savings. The Sustainable Economy Law sets national targets in accordance with European objectives in renewable energy: a 20% share of renewable sources in energy consumption, including at least 10% of renewable sources in the transport sector.

Renewable Energy Description:

The Sustainable Economy Act is one of the cornerstones of the Spanish Governments strategy to define a sustainable growth model for the Spanish economy. The main axis of the Spanish governments energy policy are are: guaranteeing security of supply, economic efficiency and environmental sustainability. As such, the Act will stimulate R&D and innovation by increasing tax deduction for innovative activities. Specific measures will benefit companies in renewable energy, and other climate change mitigation sectors. The Sustainable Economy Act sets national targets for 2020 in accordance with European objectives in renewable energy: a 20% share of renewable sources in gross final energy consumption, including at least 10% of renewable sources in the transport sector.

Climate Change Description:

The Sustainable Economy Act is one of the cornerstones of the Spanish Governments strategy to define a sustainable growth model for the Spanish economy. The main axis of the Spanish governments energy policy are are: guaranteeing security of supply, economic efficiency and environmental sustainability. As such, the Act will stimulate R&D and innovation by increasing tax deduction for innovative activities. Specific measures will benefit companies in renewable energy, and other climate change mitigation sectors. The Sustainable Economy Act sets national targets for 2020 in accordance with European objectives in renewable energy: a 20% share of renewable sources in gross final energy consumption, including at least 10% of renewable sources in the transport sector.

Related policies:Renewable Energy Plan 2011 - 2020

Last modified: Tue, 02 May 2017 17:50:48 CEST