Spain

Law 7/2021 on climate change and energy transition

Legislative

Act

Adaptation Framework

Mitigation Framework

Passed in 2021

The purpose of this law is 1) to ensure compliance by Spain with the objectives of the Paris Agreement, 2) facilitate the decarbonisation of the Spanish economy, its transition to a circular model, so as to guarantee the rational and supportive use of resources, and 3) promoting adaptation to the impacts of climate change and the implementation of a sustainable development model that generates decent employment and contributes to the reduction of inequalities. This law ends new licensing for the exploration and extraction of oil and gas in the country.

Articles 32 and 33 of the law notably establish climate risk reporting obligations on credit institutions and aim to facilitate investments in sustainable sectors in parallel.

Documents

Link to full text (Spanish)

Climate targets in this law

8 targets

Reduce emissions by at least 55% by 2030, relative to 1990

Economy-wide | Target year: 2030 | Base year: 1990
Improve energy efficiency by 39.5% relative to baseline of community regulations

Energy | Target year: 2030
Renewable energy sources should account for 74% of energy mix by 2030

Energy | Target year: 2030
Renewable energy sources should account for 42% of energy mix by 2030

Energy | Target year: 2030
Carbon neutrality by 2050

Economy-wide | Target year: 2050
Reduce GHG emissions by 23% relative to 1990 levels

Economy-wide | Target year: 2030 | Base year: 1990
Reduce GHG emissions by 55% by 2030 relative to 1990 levels

Economy-wide | Target year: 2030 | Base year: 1990
Net zero - 23% reduction of GHG emissions by 2030 compared to 1990 levels and climate neutrality by 2050

Economy-wide | Fixed level target | Target year: 2050 | Base year: 1990