Spain presented this Tuesday at Globe 2020, the forum on sustainable business activities in North America that takes place in the Canadian city of Vancouver, its strategy to combat the climate crisis and the opportunities that the plan presents for the private sector, in particular the Canadian .
The economic and commercial counselor of Spain in Ottawa, Blanca Fernández Barjau, presented at the forum the National Integrated Energy and Climate Plan (PNIEC) 2021-2030 that the Spanish Government is currently negotiating with the European Commission and is expected to be approved in the next few months.
Fernández Barjau explained to Efe that “the main objective of the plan is to transform Spain into a neutral country in carbon emissions by 2050 after reducing 90% of greenhouse gas emissions with respect to 1990”.
For this to occur, Spain has to reduce its gas emissions by 20% by 2030, compared with those of 1990, to ensure that 42% of the total final energy consumed comes from renewable sources, 39.6% of improvement of energy efficiency and 74% renewable electricity generation.
By 2030, the objective is to produce more than 50 gigawatts of wind energy and more than 35 of photovoltaic energy in Spain.
The Spanish commercial adviser stressed that the authorities estimate that investments of 200,000 million euros will be necessary during the next decade, both from the public sector (20%) and the private sector (80%).
“It is a very ambitious plan to the point that after sending the first drafts of all member states, the European Commission made a classification and the plan of Spain was ranked first as the most ambitious in the fight against change climate, “explained Fernández Barjau.
“The plan will require the construction of wind and photovoltaic parks. Everything that is invested in the generation, transport and distribution of this new energy presents opportunities for the private sector,” he continued.
“And it is also necessary to invest in storage. At the moment two alternatives are being studied to store energy: batteries and re-pumping. There is also going to be a lot of investment. And in terms of improving energy efficiency, we are talking about new technologies: artificial intelligence, “big data” to achieve greater efficiency, “concluded Fernández Barjau.
According to the commercial adviser, the large Canadian institutional investors, such as the country’s massive pension funds, “know Spain well and have very important investments.”
“What they are interested in are other companies in the area of energy efficiency, the use of new technologies. What is interesting is that it is known that there will be many investments in Spain in the sector over the next 10 years,” he added.
The panel “The European Green Pact: a circular economy opportunity of 1 trillion dollars” was also developed at Globe 2020 in which the European Union initiative to become the first carbon-neutral continent was discussed.
This panel was attended by Luis Alfonso de León, technical director of Cirtec, a subsidiary of the Sacyr company that has developed RarX, an additive made from recycled tire powder and used in asphalt mixtures to pave roads.
At Globe 2020, which started yesterday in Vancouver and will end on February 13, 1,900 delegates and about 200 companies from all over the world attend.