SPAIN PROPOSES TO INVEST $53 BILLION IN CLIMATE CHANGE PLAN
On February 20, Spain announced a $53 billion public investment plan to tackle climate change and become carbon-neutral by 2050. The government intends to establish a calendar of capacity auctions to work toward a target of producing 74% of the country's electricity from renewable sources by 2030 and 100% by 2050. The proposal is expected to cut Spain's reliance on imported energy to 59% from 74% over 10 years. For the full story, see https://uk.reuters.com/article/uk-spain-climatechange/spain-proposes-53….