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Spain to Ask Europe to Decouple Gas Price From Energy and Set Maximum CO2 Price Cap

Date: December 3, 2023 Time: 04:15:28

Spanish Prime Minister Pedro Sanchez announced new measures and initiatives to fight high inflation and the climate crisis. During a speech at Palais la Moncloa, Sanchez proposed some of these measures during a presentation of his follow-up report on the obligations of his executive.

The government will propose two initiatives to the European Commission. First, the government will reform the electricity market to decouple gas prices from energy prices (which is already the case in Spain and Portugal). And, secondly, the government will put a limit on carbon dioxide prices, with a maximum cap.

Spain wants to decouple the gas price from the oil price. A few weeks ago, the Spanish government publicized an open letter to The European Union proposing that something needs to change, but this time it’s a little more serious. The EU is making its own proposal for reform of the energy market in autumn and Spain wants it to include gas.

Another aspect of Sanchez’s plan is to reduce union contracts in order to keep inflation from rising. The President also announced a series of measures that will be approved next week after consulting with the Council of Ministers. These measures hope to lower energy bills and fight the climate crisis.

The president explained that the new emergency package consists of measures that are essential in order to live up to EU standards and efficiency. “I would say this is a moment of decision,” she said. These measures have been developed over the past few weeks, discussed with the private sector, communicated with all institutions, and publicized for all parliamentary groups.

Secondly, the forest fire coordination law was enacted by royal decree in an effort to increase coordination and capabilities among all administrations to solve the problems of preventing and extinguishing fires as well as restoring affected territories.

“On 80% of the fires that took place this summer, the police and Civil Guard participated,” Sanchez said. “There also isn’t a difference between fire departments from different communities.

The CEO also announced that this Friday, Spain received 12 billion euros worth of European funds as a result of compliance with Europe’s obligations.

Sánchez called for a “fair distribution” of the effects of inflation and the Russian invasion of Ukraine. He also assured people that the benefits of the few cannot be the misery of many. According to Sanchez, we must lay the foundation for a response so that everyone can share in the consequences of geopolitical strife.

“What we want is a majority state that includes everybody, the social majorities,” Prime Minister Pedro Sánchez said. The PM calls his administration “a modern progressive government” and wants to expand universal health care and pensions. Sanchez made the statement after Galámar president Ana Botín met with him earlier at Moncloa Palace.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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