Spain pledges environmental subsidies |
| Posted by Administrator (admin) on Apr 07 2008 at 9:00 AM |
However, having already pushed the envelope with its worldbeating solar and wind industries, Spain has just unveiled an ambitious green home plan aimed at encouraging people to make their homes more eco-friendly.
The government will give out 1 billion euros (or $1.47 billion) in direct subsidies over a 4-year period - beginning in 2008 - enough to revamp about 500,000 homes. Moreover, it will also hand out 2 billion euros in credit every year to help people boost their home energy efficiency by 35 to 60% and will release 200 million euros to improve efficiency in public buildings in cities whose populations number more than 50,000 residents.
And it is not only homes, public buildings such as schools have also been told they will receive 200 million euros to improve there energy efficiency.
The prime minister said: "We will give our country a leadership role in the fight against climate change and the transition to a new productive model that distances itself from carbon and moves closer to renewable energy."
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