Spain is planning to spend €9bn on a proposed Social Climate Plan, which could provide public funds for social mobility, housing and the energy transition.

Half (€4.7bn) will go to housing with a focus on energy efficiency, distributed energy and solar panels; the other half (€4.3bn) will be used for the decarbonisation of transport and the mobility sector, with subsidies for new fleet vehicles and making public transport cheaper or free.

The Spanish government intends to submit the plan to Brussels before the end of the year, and is seeking co-financing from the EU, the proposals fitting under its European Green Deal.

Spain has seen emissions drop by 19 per cent since 2018 and renewables now account for 56 per cent of electricity generation in the country.

Spain experienced power outages that hit the area on April 28, 2025, leaving 47 million people without electricity. This has left power a political issue, but the cause of the outage, ascribed to the grid connections, will be stretched further if the current policy is continued, with a desire to double renewable capacity by 2030 and close all nuclear reactors by 2035.

The proposals will need internal political support to pass Spain’s parliament, even before being presented to Brussels.

---