December 3, 2020

“massive” deployment of renewables, rehabilitation and digitization




The distribution of European funds already has a small print. According to the traditional yellow book, the Government will distribute the 26.634 million of recovery funds from the EU among projects aimed at promoting the green economy and digitization, although there will also be part of it aimed at promoting education in the 0 to 0 stage. 3 years and improve active employment policies. However, they will have little impact on structural reforms demanded by Europe, such as that of the labor market, and whose transition cost could be paid with these funds.

According to the document, the Ministry for the Ecological Transition will be the one that receives the highest amount, with 6,805 million euros allocated. These will be used to “undertake the necessary transition of our economy and our society towards more sustainable parameters,” as stated in the document. Specifically, the Executive proposes a “massive deployment of the renewable generation park” and the promotion of “electrical infrastructures, smart grids and the deployment of storage.” In addition, “roadmaps for new clean, affordable and safe energies” will be designed. Housing rehabilitation will also be promoted.

The Ministry of Transport, Mobility and Urban Agenda will receive 4,982 million, which will invest in “shock plans for sustainable mobility” and in the construction of infrastructures for sustainable, safe and connected mobility. It is followed in third place by the Ministry of Economic Affairs, with an allocation of 3,654 million that will be used to “promote the digitization of our productive fabric, digital connectivity and digital skills. Additionally, Minister Nadia Calviño must promote a digitalization plan for public administrations.

The Education portfolio will receive just over 1,850 million that will be dedicated to promoting vocational training and education from 0 to 3 years, above the Ministry of Industry, Commerce and Tourism, which will receive 1,708 million. The Ministry of Labor, for its part, will receive 1,167 million euros, which will be used to “modernize active employment policies”, one of the major pending issues in Spain. The Science and Innovation portfolio, for its part, will receive 1,102 million “to promote and increase public and private research” and Social Rights will add another 917 million to promote “the care economy.”

The analysis by autonomous communities of these funds leaves Andalusia, Catalonia and the Community of Madrid as the main beneficiaries. The yellow book details that in 2021 the Spanish Public Administrations will budget a total of 34,634 million (26,634 + 8,000 that do not appear in the PGE because they go directly to the regional accounts) of recovery funds, of which 18,793 million (10,793 + 8,000) They will be managed by the communities, which represents 54% of the total. Specifically, Andalusia will receive 702 million euros next year, followed by Catalonia with a total of 596 million, and the Community of Madrid, with another 461 million to finance projects. They would be followed by Castilla y León with 293 million, Galicia (249), Canarias (243), Castilla-La Mancha (206) and the Basque Country (194 million). At the bottom of the ranking are Cantabria (70), Navarra (61), La Rioja (31), Melilla (14) and Ceuta (13).

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