Royal Decree 635/2013, developing the 'Plan to Promote the Environment in the hotel sector PIMA SOL\ for the energy renovation of its installations, and regulating the further acquisition of carbon credits by the Carbon Fund for a sustainable economy
The Plan will be part-funded by the European Investment Bank (EIB), which approved EUR200m (USD251m) of financing through Spanish banks, which will contribute the same amount at very advantageous interest rates and repayment periods.
Hotels will be eligible for funding if they carry out retrofits that move them two steps higher on the buildings energy rating scheme or to a B rating.
Measures in the Plan include insulation for façades, windows and roofs; heating and cooling control systems; plate water heating systems; passive heating and cooling systems; more efficient heating and cooling equipment; geothermal energy and biomass systems; and water-efficient management systems.
The provisions of Royal Decree 235/2013, approving the basic procedure to certify energy efficiency in buildings, will be taken into account in order to determine eligible projects to achieve a reduction in GHG emissions with the Fund's purchase of carbon credits.