Policy status:In Force
Date Effective:2011
Policy Type:Regulatory Instruments, Economic Instruments>Fiscal/financial incentives>Tax relief, Policy Support
Policy Target:Multiple RE Sources>All
Policy Sector:Multi-sectoral Policy
Agency:Cabinet of Ministers

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