Wednesday, February 21, 2024

The keys to energy transition and climate change law

PNV, EH Bildu, and PSE illuminate a rule that involves the advocates of the affected municipalities and will promote the social pedagogy of renewable energy installations.

The most important objective of the law is to achieve climate neutrality in the Basque Country by 2050 and, if possible, by 2045. And now the Basque Country imports 90% of the energy it uses. The percentage of fossil fuels in total is 83.9%. The standard is a promotion of clean energy, which is expected to account for 32% of the electricity generation in the Basque Country in 2030.

Payment of promoters’ fees

One of the strong points of the new rule, which will soon be approved by the Basque Parliament, is the obligation for parks on undeveloped land, which are not for self-consumption and have a power of more than 5 MW, to be paid annually. payment to the Basque Government. Money to be used for environmental conservation and restoration in the towns affected by the parks themselves, as well as promoting the rational use of energy. The fee is linked to the surface area occupied (in photovoltaic) at the rate of 700 euros per hectare and to the power and number of wind turbines. For example, the Labraza park, in Álava, with eight wind turbines and 40 MW, will pay about 40,000 euros per year starting in 2025.

A guaranteed item in the Budget of Euskadi

The accounts of the Basque Country must allocate 2.5% of the total from 2025 to “climate action measures.” Similarly, a Basque Energy Transition and Climate Change Office will be created to review every five years the impact and contribution of these funds in terms of reducing greenhouse gas emissions. The Basque Government must establish, within a maximum period of one year from the commencement of the law, the criteria for the provision, management, organization, and distribution of the resources that come from that section.

Affected municipalities may own 20% of

The promotion of local participation in renewable projects includes a novel aspect that is given special importance. Therefore, the promoters of wind or photovoltaic projects (except for energy communities that have already started processing) must offer at least 20% of their total power as an investment to citizens, industry, and businesses in the locality where they live and also in nearby towns and regions. This will only affect projects jointly or individually with a power of 5 MW. With this, the rule establishes that the Basque Administration will promote energy purchase agreements with companies in the Basque Country in projects of more than 5 MW in which it has participated. In the same way, these administrations have made the progressive replacement of their equipment powered by fossil energy in their buildings.

The transition from fossil fuels

The department of the Basque Government with jurisdiction over the matter (the Department of Economic Development, Sustainability, and Environment) will prepare within a year a plan for the sale of the shares that are in EVE to companies dedicated to exploration, exploitation, refining, or processing of fossil fuels, including those that generate electricity by burning those types of fuels. The process must be progressive and have a limit of 2030. Of course, according to the Basque Government itself, it abandons the transport, storage, and regasification assets. The money from those sales will go to renewable energy projects.

Decarbonization

The regulation, which throughout its articles includes many references to the promotion of the Basque industry and the promotion and support of new developments based on the energy of the future in search of greater competitiveness, also shows that Basque companies must calculate their carbon footprint. . They should also develop a plan aimed at reducing it.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news