The signing of the Joint Declaration on Cape Verde./Photo: AECID
Eduardo González. Madrid
The Spanish Government has supported Joint Declarations from the European Union in favour of renewable energies in two distant regions; the Caribbean and Cape Verde. The initiative contrasts the fall in investment in renewable energy in Spain in the last 5 years, as is revealed by a recent report from Ernst & Young.
On the one hand, Spain signed on 25 September a Joint Declaration with the European Union and the Inter-American Development Bank (IDB) on renewed cooperation in the area of renewable energy and energy efficiency in the Caribbean, a region very dependent on the import of fossil fuels.
The Joint Declaration initiative, which is political in character, came from Spain, to coincide with the 15th anniversary of their Regional Cooperation Programme with CARICOM, “which reasserts and reinforces the commitment of Spanish Cooperation with the Caribbean, in a key sector for the development and progress of the region”, according to information from the Ministry of Foreign Affairs and Cooperation, in a press release
With this Declaration, the EU, the IDB and Spain “agree to identify financial instruments to propel renewable energy projects in the Caribbean, especially through the EU Caribbean Investment Facility, as well as to promote the attraction of private investment in the renewable energy sector, among other things”, the Ministry added.
A report reveals the growing decrease in investments in renewable energy in Spain
On the other hand, Spain has asociated herself with the EU-Cape Verde Joint Declaration on the reinforcement of international cooperation in the renewable energy sector. The accord was signed on 23 September in New York, in the framework of the Climate Summit of the General Assembly of the United Nations. According to the Ministry, “Spanish Cooperation has been working in Cape Verde for years, in the energy sector, and is the principal donor to the Renewable Energy Centre, and through the Energy Efficiency of the CEDEAO”.
During his speech to the Climate Summit, King Felipe VI highlighted a “firm” commitment against climate change and in favour of renewable energy, with a special mention of wind energy.
Currently, Spain is in twenty second place in the international listing of the most attractive countries for investment in renewable energies, according to the last report on the sector published by the professional services’ company Ernst & Young. Spain, who was at one time at the top of the European nations, together with Germany, has been overtaken in five years by the United Kingdom, France, the Netherlands, Belgium, Italy, Denmark, Portugal and Sweden, according to EY, who has attributed this to the Government’s energy reform.