The year of the 20-20-20 goals comes full of uncertainties | Economy


Throughout the decade, those responsible have not failed to set targets for 2020. For example, the EU had proposed that 75% of the population between 20 and 64 years of age be employed on that date; that 3% of GDP be invested in R&D; that, to combat climate change and facilitate energy sustainability, reduce greenhouse gas emissions by 20% (or 30% if conditions were met) and increase renewable energy by 20% and by 20% energy efficiency (20-20-20), among other objectives.

Acciona follows her idyll with Australia. Acciona’s idyll continues with Australia, a country in which it has interests since 2002. The company headed by José Manuel Entrecanales has just been awarded a waste-to-energy plant in East Rockingham (west of the country) for nearly 300 million of euros. When completed, it will process around 300,000 tons of waste per year, which will prevent more than 300,000 tons of CO2 equivalent annually. The facility will have a net renewable electricity production capacity of about 29MW, equivalent to the consumption of more than 36,000 homes.

Endesa takes advantage of urban mining. Urban mining, the recovery of raw materials from existing electrical or electronic waste in cities, gain weight worldwide and make it a paradigm of circular economy. Endesa already exploits it and wants to boost it. According to the company led by José Bogas, the ‘stock’ of aluminum, copper, steel and iron of the network reaches 908,000 tons, which will be fully recycled once they end their life cycle. Last year, more than 3,600 tons were destined for recycling, 50% more than the previous year.

The image of Spain with the renowned brands. Spain Global and the Forum of Renowned Spanish Brands signed an agreement on Monday with the objective of establishing a collaboration framework for activities that contribute to strengthen and strengthen the image of Spain. Ignacio Osborne, president of Renowned Brands and Osborne, and Irene Lozano, of Global Spain, agree on the need to consider strategically the promotion, promotion and dissemination of the presence and image of Spain abroad, which is why That this framework agreement has been signed.

To all this we must add the so-called “flagship initiatives”, consisting of priority actions to boost innovation, the digital economy, employment, youth, industrial policy, the fight against poverty and the efficient use of resources. That is, they have been left unfinished and force plans to boost the economy. In the Spanish case, reforms were proposed in the financial sector and the labor market and comprehensive plans in fiscal discipline and to improve competitiveness and boost growth.

Well, once the 2020 target year has been reached, uncertainties are crowded after it has not been possible to comply with everything, despite the progress. Neither in banking, nor in the ecological transition, nor in social claims (pensions), nor in taxation, nor in industry, nor even in technology. However, the masses reassured by the best prospects in the economy (Luis de Guindos dixit), it is necessary to propose new tasks for the next target year, 2030.

The world panorama is presented with a commercial war in the process of solution between China and the United States, a country that enters the electoral year with everything that has an impact on economic decisions. These two countries are also locked in a pulse, in which there is also Europe, for 5G, which enters the key year. An important gap is also opened in the automobile sector due to the unstoppable march of the electric vehicle and that makes it live a stage of integrations.

Although it mainly affects German industry, it also impacts Spanish. This obliges the Government not to neglect the measures for the coming years in which, as the unions, Administration and companies have claimed, they must promote innovation in the productive fabric. For the Executive, other pending actions are presented, such as pension reforms and regional financing. It will be seen if it corrects the latest labor reforms and raises the minimum wage, as unions request and reject employers, and if you introduce the Google rate and the tax on financial transactions. The everlasting state pact in education and training continues on the eaves.

Reforms such as pensions and regional financing are pending

The financial sector maintains the expectation of cross-border operations

Meanwhile, the financial sector has not stopped talking about cross-border mergers between large entities in different EU countries. However, there is a circumstance that nobody moves. Not even those planned within the same country have been channeled. It may happen because the sector is waiting for the changes that are taking place due to the digital transformation and the changes in uses that have made them move towards more social positions.

In Spain, in this case, there has been talk of operations in which medium entities from the old savings banks would be involved (Abanca, Unicaja, Liberbank, Ibercaja, Kutxabank) and banks such as Sabadell and Bankinter (Liberbank and Unicaja still have contacts). Case apart is Bankia, a state majority and on which Podemos asks not to reprivatize it, and the Popular, which ended up in the hands of Santander when it was already in free fall. This bank is, together with BBVA, of the calls to star in these continental mergers. Perhaps that is why the ECB has requested information from the Spanish Justice on the situation of BBVA in the Villarejo case, something that is precisely not a good start to negotiations.

Climate change is another front that marks economic performance. It is necessary, as was evident in the recent Madrid summit, to reduce greenhouse gas emissions. That means decarbonising the economy and requires structural changes in the habits of generation and consumption of users. To achieve this it is necessary that the consumer sectors (transport, industry and building) be electrified. There, the electricity sector plays a key role in integrating renewable energy and achieving the lowest cost. In this process, digitalization is indispensable, as it allows consumers to adapt to the new possibilities of uses, such as self-consumption, distributed generation and demand management.

A movie dam

The director, Tim Miller, during filming.


The director, Tim Miller, during filming.

The Aldeadávila dam, owned by Iberdrola, has become the scene of the sixth installment of ‘Terminator’, ‘Dark Destination’. This hydroelectric installation, which also surrounded scenes of ‘Doctor Zhivago’ and ‘The Cabin’, is located in the canyon of the lower section of the Arribes del Duero, passing through the province of Salamanca, has 140 meters of high by 250 wide and can dam 115 cubic hectometers in an area of ​​368 hectares, equivalent to almost 97 stadiums such as the Bernabéu.

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