Spain’s role in the new standard order

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Spain’s role in the new standard order

“Here you have to see which European subsidy programs are compatible with national and local programs and face a lot of requirements, certifying that the hydrogen you produce is renewable to access in the United States.Funding,” says Francisco Massa, director of Repsol of hydrogen, IRA, launched in the United States by Joe Biden in support of anti-inflation legislation and a green economy, has advanced to Europe with $360,000 million in support. Edge.

“Regulated costs (access fees, special electricity tariffs, etc.) in the case of consumption of hydrogen production projects should be reduced,” says Olivia Infantes, CEPSA’s director of green hydrogen regulation.

These are examples of what happens in green hydrogen, one of the energies. They should help us in the process of decarbonisationIn this Spain has a privileged position Center In the south of Europe; For its geo-strategic position and the hours of sun and wind that drive the renewable energy needed to produce green hydrogen. As can be seen in the map, Spain is one of the countries most capable of producing renewable hydrogen for its own consumption and export.

Challenges

Europe and with it Spain start from a situation that presents significant challenges. Biden’s IRA law attracts investors from around the world. The European Parliament has approved ambitious green reforms, but it was split with 413 in favor, 167 against, and 57 abstentions. Moreover, they do not apply until 2027 and could be delayed if energy prices reach record levels after Russia’s invasion of Ukraine.

Despite everything, Europe is trying to respond New incentives for green investment, a carbon tax on imports from third countries and, more recently, restrictions on the import of Chinese environmental technologies, fining candidates for public contracts and making it harder for buyers to access subsidies, try to limit the unfair competition they pose to companies in the countries. Less respect for strict standards of environmental protection or social rights. More than 80% of the world’s production of photovoltaic modules is produced in Asia, and China has a two-pronged growth policy while burning 67% of its coal.

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What many European entrepreneurs ask is that, in addition to ambition, they More incentives and fewer bureaucratic hurdles. Giles Dixon, CEO of WindEurope, which represents the wind power industry, warns: “We don’t have enough factories and infrastructure to generate all the wind power Europe wants.”

Pymes

Additionally, the majority of European business fabric is made up of SMEs, and 43% of Europeans confirm this There is no strategy based on sustainability or planning to use it. This percentage has increased by 23% compared to 2020. According to the second edition of the white paper, this is 39% in the case of Spain compared to 30% already implementing ESG projects. Fostering sustainability in small and medium enterprises.

Y Their participation will be key to the success of decarbonisation, it is not enough for adults to act, but it must be the entire value chain. “Collaboration with suppliers is an important part of the path to decarbonize the economy through joint projects and incentives,” confirms Ana Herrero, Director of Programs and Services at Foredica.

While analyzing The role Spain can play in a new stable world order, there are reasons for optimism. Cristina Sánchez, Executive Director of the UN Global Compact Spain assures: “There is no doubt that sustainability is part of the strategy of the IPEX 35 companies.” It is now necessary to develop training, financial and incentive mechanisms that are part of the strategy of the entire business fabric.

This is the year of renewal

2022 is a good year for photovoltaic solar energy in Spain. The power system added 3,829 MW of new installed capacity. Since 2018, photovoltaic solar has tripled Observatory on Energy Change and Climate Action (OTEA) BC3.

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The share of renewables in final energy consumption rose to 22%. However, this needs to be accelerated to achieve the 42% target set by 2030. PNIEC. Despite high energy prices, greenhouse gas (GHG) emissions increased by 3% last year compared to 2021, and electricity sector production increased by more than 10% compared to the previous year, as production through integrated gas cycles increased further. 50%, due to drought and increase in electricity exports.

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