Spain to push for net zero by 2050 as government unveils sweeping new climate law

BUSINESS GREEN | Spain's cabinet has today approved an ambitious draft climate law targeting net zero emissions "no later than" 2050, which it estimates will generate over €200bn investment, create up to 350,000 new jobs, and boost the country's economic growth by 1.8 per cent over the next decade.

The draft law, which parliament must still approve, follows the Spanish government's declaration of a climate emergency earlier this year. The government hopes the enshrine the legislation in statute by the end of the year, enabling the delivery of a sweeping set of plans to rapidly decarbonise the country's economy.

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