Spanish strategy for International Climate Finance

Enacted in 2021, this law establishes Spain's legal framework for achieving climate neutrality by 2050, aligning with the Paris Agreement and Sustainable Development Goals. It mandates a 23% reduction in greenhouse gas emissions by 2030 (compared to 1990 levels), alongside ambitious renewable energy targets, including 42% of final energy consumption from renewables and 74% renewable electricity generation by 2030. Energy efficiency measures aim for a 39.5% reduction in primary energy consumption within the same timeframe. The law also prohibits new hydrocarbon and radioactive mineral exploitation, requires emission-free transport systems in cities with populations exceeding 50,000, and emphasises sustainable urban mobility.

The legislation includes a national Just Transition Strategy to ensure equitable economic opportunities, particularly for vulnerable regions, while fostering adaptation and resilience to climate risks across critical sectors such as water, biodiversity, and health. It creates governance mechanisms like the Expert Committee on Climate Change and Energy Transition to monitor progress and updates to Spain's Integrated National Energy and Climate Plan (PNIEC). Projecting investments exceeding €200 billion by 2030, the law is expected to enhance Spain’s GDP by €16.5–25.7 billion annually and generate 250,000–350,000 new jobs. The focus on education, innovation, and public awareness underscores its commitment to a holistic and inclusive transition.

This collection represent a body of policies, strategies, and plans enacted under this law. 

Law 7/2021 on climate change and energy transition [Spain]

Laws and Policies

CCLW

CCLW national policies

The Spanish Strategy for International Climate Finance outlines Spain’s commitment to supporting global climate action through a coordinated framework aligned with the Paris Agreement and the Sustainable Development Goals. Mandated by the Climate Change and Energy Transition Law (Law 7/2021), the strategy focuses on enhancing climate-resilient, low-carbon development by aligning funding with their national climate priorities. It excludes support for unabated fossil fuel projects except in limited, clearly defined cases consistent with the 1.5°C target. Principles guiding the strategy include coherence with EU taxonomy, gender equality, human rights, and fostering public-private collaboration.Key objectives include fulfilling Spain’s international commitments by scaling up climate finance to €1.35 billion by 2025, integrating climate goals into development cooperation, and leveraging investment to advance ecological transitions. The strategy prioritises renewable energy, green transitions, and sustainable development projects while enhancing accountability and alignment with recipient countries’ climate plans.