Carbon pricing is key to fostering further decarbonisation in the European Union, but far-reaching reforms to the Emissions Trading Scheme are needed for it to become an effective tool which the EU can use to reach its 2050 decarbonisation goals. This is one of the main conclusions of the report ‘Carbon pricing. Key achievements to date in Europe and optio
The installed capacity in wind power and photovoltaics grew by 20% in 2019.
The new report on the Spanish power sector created by the Naturgy Foundation also includes the increase of production with combined cycles in the last year, which acted as a back-up energy to renewables, as well as the increase in the tariff deficit.
The maximum renewable gas production potential in Spain could be the equivalent of 65% of the current total natural gas demand if it is purposefully developed.
European countries such as Germany, the United Kingdom and Sweden are very advanced in the development of this new energy vector, which Spain seeks to boost with the future Climate Change Act.
The new travelling awareness-raising project, Energy Challenge, was presented last week under the framework of the COP 25, and starts its tour around Spain in Valdemoro.
The Energy Challenge will travel some 4,800 kilometres, visiting around forty Spanish municipalities during next year, where it hopes to attract 100,000 visitors.
Today in Madrid, the Energy commissioner stated that it is necessary “to promote flexibility in the wholesale market and provide clear pricing signals to encourage continuous penetration of renewable energy and to guarantee investments.”
The researcher at the Centre for Monetary and Financial Studies, Jorge Padilla, spoke about incorporating renewable energy into the wholesale electricity market and supported the need to design suitable capacity remuneration mechanisms.