Spain presents multi-billion euro plan to speed energy transition

Spain’s government on Monday presented a €9 billion energy-transition plan that would include making homes more energy efficient and providing near-free public transport to low-earners.

The project, which would be co-financed by the European Union, was announced as Spain confronts a global energy shock caused by the US-Iran war, and as it positions itself to cope with climate change.

“The energy revolution can’t be just for those who can change cars, put up solar panels on their roof or renovate their homes without subsidies,” Spanish Prime Minister Pedro Sanchez said. “It needs to reach everyone.”

For the plan to be adopted, Sanchez needs a majority of the parliament to back it, but his Socialist Party holds only a little over a third of the seats.

It calls for €4.7 billion to be set aside to make homes, public housing and neighbourhoods more energy efficient, and to promote communities sharing electricity and for solar panels to be installed on homes and in…