Spain | Cuatrecasas ESG | Act on Climate Change and Energy Transition

New Act 7/2021 on Climate Change and Energy Transition

Spain | Cuatrecasas ESG | Act on Climate Change and Energy Transition
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May 21, 2021

Highlights

> It boosts renewable energy.

>  It promotes the renovation of buildings.

> It introduces the obligation to install electric charging points in new buildings. ^ No new research permits or licenses for hydrocarbon exploration or mining of radioactive minerals are expected to be granted, and fracking is banned.

>  In the context of public procurement, it foresees including technical specifications and awarding criteria related to reducing emissions and carbon footprint.

> It imposes reporting obligations on companies, listed companies, credit institutions and insurance undertakings.

View document
May 21, 2021