Energy revolution in Spain, 308,000 million for the PNIEC and 560,000 green jobs

He TRUNK This allows you to maximize the momentum represented by ecological transitionas evidenced by the strong attraction of industrial investment and renewable energies in our country. The industrial value chain and strategic autonomy will be strengthened, with energy dependence falling from 73% in 2019 to 50% in 2030 and a savings on imports of 86.750 million.

The planned greenhouse gas reduction in 2030 is 32%compared to the estimated 23% in the original version of the plan. The final consumption target for renewable energy rises to 48% –with 81% of electricity generation–, and that of energy efficiency of 43%.

Spanish GDP will increase by 3.2%

With a planned investment of €308,000 million over the period, GDP will increase by 3.2% and up to 560,000 jobs will be created by 2030. The demand for electricity will grow by 34% in 2019 thanks to economic development the electrification of the economy reaches 35%.

The average energy consumption of households will decrease from 7.8% of their income in 2019 to 5.7% in 2030, with a greater impact on low-income households. The reducing air pollution This could halve premature deaths estimated before the end of this decade. In 2030, the installation of 76 GW of photovoltaic solar energy is planned (with 19 GW self-consumption), 62 GW of wind energy, 22.5 GW of storage j 12 GW of electrolyzers to get renewable hydrogen.

The government has increased the volume of investments that will be mobilized by the new policy National Integrated Energy and Climate Plan (PNIEC) up to 308,000 million euros. As the Board has indicated, this will have a positive impact on the labor market and create up to 560,000 jobs in the next year 2030e will increase gross domestic product (GDP) by 3.2% in the same year compared to a scenario without measures.

The Council of Ministers approved the roadmap for decarbonisation to 2030which will be sent to the European Commission this Wednesday. According to the final details of the plan, 37% of investments will be intended for renewable energy28% goes to savings and efficiency, 17% to energy networks and 17% to the electrification of the economy, which should reach 35% by 2030. These investments will mainly come from the private sector (82%), while 18% will mainly be public money driven by European funds (13%).

Speaking at the post-Council press conference, the Minister of Ecological Transition and Demographic Challenge said: Teresa Riberaemphasized that said document is “capitalized”. “He TRUNK provides clear guidelines for investments in our country in a strategic framework that allows us to visualize how energy, reconciliation with climate policy and the link with industrial policy play an important role. great opportunity to generate development, employment and innovation and transform the energy system«Ribera detailed.

The plan represents a boost for renewables and storage with respect to the 2020 PNIEC

In line with the ambition of the various approved sectoral roadmaps and the Recovery, Transformation and Resilience Plan. In addition, ‘roughly’ maintains the large numbers that were highlighted in the design which was presented just over a year ago by the Ministry for the Ecological Transition and the Demographic Challenge.

This is how we strive reaching 105 gigawatts (GW) of new renewable energy sources in the decade j 22.5 GW of energy storage in 2030with a permanent cessation of coal production brought forward to 2025. As far as nuclear energy is concerned, the reduction with the agreed plant closure schedule –which will start in 2027 with Almaraz–, with 3,181 MW still operational in 2030.

In addition, the weight of the combined natural gas cycles is maintained, essential to provide stability to the electrical system without changes for the entire period -26.6 GW-. On the other hand, the ambition of objectives such as the rehabilitation of housing – with 1.38 million, compared to the previous 1.2 million – or have a fleet of 5.5 million electric vehicles by 2030, compared to the previous one’s 5 million TRUNK.

Green hydrogen and self-consumption, key players in the PNIEC

He new PNIEC adds new objectives in line with the new European objectives. One of the most important novelties is the objective of Reach 12 GW of electrolyzers to produce green hydrogenin such a way that it triples the figure of the previous plan. This renewable energy is one of the country’s great assets, and it is true H2MED megaproject planned -the first runner of green hydrogen of the Union that will connect Portugal, Spain and France.

Another of the new Spanish goals is the own consumption. The purpose of the ministry led by Teresa Ribera is to This method generates 19 GWa figure higher than that of the 2020 plan, where growth remained between 9 and 14 GW. Almost like that doubles the commitment to biogaswith a target of 20 terawatt hours (TWh) by 2030, for the 10.41 TWh used in the TRUNK front.

Likewise, this update aims to 10 percentage point increase in domestic energy productionup to 50%. This evolution would provide a savings of almost 90,000 million euros in fossil fuel imports during the entire period.

Reduction of greenhouse gases

As for the objective of reduction of greenhouse gasesincreases from 23% to 32% in 2030 compared to 1990. Meanwhile, the target of final consumption of renewable energy increases to 48%with 81% of electricity generation—, and energy efficiency improves by up to 43%. So, The number of premature deaths will be reduced by half – by 5,800 fewer – by the end of this decade due to air pollution.

This final version of TRUNK has been prepared taking into account the prior public consultation for this roadmap update, which received more than 2,000 accusations. In addition, three working days were carried out in April and May 2023 sectoral representatives and civil society representativeswho also made their contribution.

In total this is new TRUNK has 110 measuresof which 42 are new or updated. According to sources from the Ministry for Ecological Transition and Demographic Challenge, the plan will go ahead therefore adapts to the context of recent years with the pandemic, the energy crisis caused by the war in Ukraine or the acceleration of technologies, as in the renewable hydrogen.