The new List of Clean Technologies places Euskadi at the forefront of Europe with an important budgetary instrument that allows to accelerate the achievement of the European Union’s objectives. energy transition and the fight against climate change.
A new order from the Basque government updates and expands the Basque list of clean technologies, the acquisition of which is a deduction of 30% of the investment costs of the equipment on the corporate tax rate
This budgetary instrument for environmental improvement aims to promote the green transition accelerates investments in clean technologies and businesses are supported, especially small and medium-sized enterprises, that generate economic activity. One of the major advantages over government subsidies and aid is its simplicity and flexibility; In addition, a pre-investment support service will be made available to companies.
The Minister of Industry, Energy Transition and Sustainability, Mikel Jauregi, appeared at a press conference after the weekly meeting of the Government Council to announce a new decision that updates and approves the Basque List of Clean Technologies, a fiscal instrument that improves the efficiency of promotes production. processes implementation of equipment with better environmental performance in the Basque productive fabric.
All this stems from the joint work of the public entities Ihobe, Spri and EVE, as well as from the collaboration with the Basque Ministry of Finance and the Tax Coordination Body of Euskadi. Financial institutions, technology suppliers, tax consultancy firms, business associations and the companies themselves are also involved. Looking for collaboration between organizations accelerate the path to the green transition in the most efficient way for companies.
As the advisor emphasized: “based on the strength of our own tax system, such as the Economic Agreement, we are not only implementing one of the few systems of this type in Europe. It is the most ambitious, doubling the pioneer’s deductions and The Netherlands is taken as an example..
The new list of clean technologies will be a lever to create a new industry, make our companies more competitive and commit to decarbonizing the economy, with a view to climate neutrality target for 2050«.
The aim of the Order approving the Basque List of Clean Technologies is to promote and accelerate the green transition investing in clean technologies and promoting eco-innovationand businesses are supported, especially small and medium-sized enterprises, that generate economic activity.
So it is being looked for accelerate the implementation of the objectives of the Basque environmental planning through a standardized, rigorous and dynamic list, aimed at achieving maximum environmental and economic cost-effectiveness at all times.
Thanks to this instrument for environmental improvementcompanies that acquire the technologies and materials included in the List can deduct 30% of the investment costs of the equipment from the corporate tax rate.
The listed company Ihobe will act as the List’s technical secretariat and will manage the companies’ applications, all online. In addition, and at the request of companies, a early attention service to provide them with greater legal certainty before you make the investment.
One of the major advantages of deductions compared to subsidies and government support is their simplicity and flexibility. In fact, the procedure is minimal compared to other mechanisms, which makes this instrument especially attractive for SMEs. The Applications can be made via the Ihobe website.
64 clean technologies that will deliver tax benefits
This update includes the integration of new technologies, especially five aimed at promoting green hydrogen, reaching a total of 64. Among them are 11 renewable energy technologies19 circular economy and 29 no pollution.
The Basque List of Clean Technologies, which has its origins in its counterpart from the Dutch government, has been updated after discovering a series of technologies, mostly preventive, that respond to the concept of more environmentally friendly technology referred to in article 85.2 of the Basque Environmental Management Act. The law itself provides for periodic updates to the list, which will integrate eco-innovative technologies that have already been demonstrated.
The update and expansion of the Clean Technologies List represents an important step towards promoting sustainable business practices and transition to a greener economy in Euskadi. This measure not only provides tax benefits for companies, but also contributes to achieving environmental objectives and the development of a more circular and efficient economy in resource use.
The decision describes a range of equipment covering different areas: water (microfiltration, ultrafiltration, electrodialysis, etc.); air (dry or wet electrofilters for certain particles, regenerative thermal oxidation, etc.); waste (metal salt crystallizers, non-ferrous metal separators, plastic separators, etc.); the energy (powerful heat pumps, wind turbines, photovoltaic panels, electric vehiclesetc.); noise (absorbing silencers).
In addition to agents (self-cleaning mineral filters, ultrasonic cleaning, degreasing and drying machines, etc.). Furthermore, the Basque List of Clean Technologies details each of them equipment, together with the sectors in which it applies.
All technologies in the Advertisement must be commercially available and exceed legal requirements. A series of criteria were applied to select the technologies included in the list. Among them are the degree of implementation, the transferability of the technology and its contribution to reducing the impact on the environment.
Alignment with applicable programs and plans
The Basque List of Clean Technologies is vdirectly instilled with the plans, programs and strategies in which this instrument is specifically mentioned. Among them, the Euskadi 2030 Strategy for the Circular Economy and the Euskadi 2030 Waste Prevention and Management Plan stand out.
This includes the List as an important tool to facilitate access to finance for waste projects, develop economic and green tax instrumentsand promote the competitiveness of secondary materials and products, and discourage landfilling of waste.
The update of this list has taken into account the obligations and objectives of the Basque Law 01/2024 on energy transition and climate change and will allow reinforce other strategies already in place.