Spain reduced its emissions by 7% in 2019, according to Economics For Energy

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Madrid, Jul 15 (EFE) .- Spain improved its decarbonisation rate by 7% during 2019, which represents a reduction of 28% compared to 2005, according to the Energy Transition Barometer 2020, prepared by researchers from Economics for Energy presented today.

The report analyzes the absolute emissions of the years 1990 and 2005, the emissions by GDP, the price index and the electrical reserves, among other parameters publicly available and provided by the International Energy Agency.

The decrease in emissions by 7% during 2019 -although the latest update by the Government lowers this figure to 6.2% – is “very striking”, considering that last year “it was relatively dry”, which ” it is not very favorable for renewable energy, “explained the co-founder and director of Economics for Energy, Pedro Linares.

While 2018 ended with “a 15.4% increase over 1990 emissions”, in 2019 the figure was contained up to 10%, and in relation to 2005, “the decrease went from 24% in 2018 to 28%” the following year according to Eurostat data included in the report.

This improvement in the Spanish decarbonisation index is due to the combination of several factors, which Linares has summarized as “the reduction of greenhouse gas emissions, the downward trend in the cost of reserves to integrate renewable sources and the decrease in both spending like the price of energy. “

Behind this positive evolution during 2019, it is also necessary to note a “drastic” reduction in the use of coal for electricity generation, due to “low natural gas prices” and “the decrease in energy demand”.

The document confirms the reduction in electricity consumption last year in the industrial sector, although Linares has recognized the need to analyze whether this decrease “is due to an effective energy policy or to a trend of outsourcing and industrial relocation.”

Regarding emissions by GDP, in 2019 they decreased by 10% compared to the previous year, which represents a “more positive” trend than that observed in the EU as a whole “in a context in which GDP Spanish had increased almost 3% “.

Electricity reserves, an indicator that consolidates a decrease of more than 60% since 2010, continue to decrease with respect to demand, due to the fact that it is more efficient to integrate renewables or because “fewer and fewer reserves are needed.”

In general, “2019 was very good for the indicators of the energy transition”, mainly “due to the reduction in prices”, although this expert regretted that “the public policies of the Spanish administrations do not accompany this positive evolution”, with object to consolidate the trend.

And despite the reduction in prices, Linares has stressed that “the same does not happen with spending, which is higher in Spain”, although the country has “more favorable weather conditions than the European average.”

In any case, the “greater energy intensity of the Spanish economy” is a “clear” signal about the “important potential of energy saving” as an instrument for decarbonisation in Spain.

Economics for Energy is a “think tank” or private research center specialized in the economic analysis of energy issues, launched since 2010.

(c) EFE Agency

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