Bill proposing emission cuts and a new energy model

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1. The bill would set greenhouse gas emission reduction targets of 35% by 2030, 70% by 2040 and 95% by 2050, all compared to 1990 levels. It would also set energy efficiency and renewable energy targets.
2. It would require all electricity consumed in Spain to be 100% renewable before 2045 and would create carbon budgets, which set maximum emissions per sector every five years.
3. The bill would close nuclear plants when their current permits expire and coal plants by December 31, 2025 at the latest. It would also ban hydrocarbon exploration and extraction, including hydraulic fracturing.
4. For electricity bills, it would introduce rates that increase with consumption, cap the fixed term at 25% of the variable one, and eliminate charges on self-consumed energy, popularly known as the 'sun tax'.
5. It would allow municipalities to take public control of the electricity distribution grid and would require large renewable projects to open their capital to nearby citizen investors.
6. On taxation, it would create a tax on power plant emissions, reform the electricity and transport taxes, and create a financial transactions tax.
7. To protect vulnerable people, it would create a gas social bonus, specific water rates with a guaranteed minimum supply, and just transition plans with alternative jobs for areas affected by nuclear and coal plant closures.
8. The bill would create the State Climate Change Agency, an independent body that would oversee climate policies and the electricity and hydrocarbon sectors, along with citizen participation bodies.

Who it affects

• Electricity and gas consumers: Changes to rates, an end to self-consumption charges, and a social bonus for vulnerable households.
• Electricity, gas and oil companies: New taxes, coal and nuclear plant closures, and a ban on extracting hydrocarbons.
• Municipalities: Mandatory climate plans for cities over 100,000 residents and the option to take over the electricity grid.
• Nuclear and coal plant workers: Just transition plans with reassignment or alternative local jobs.
• Drivers and vehicle buyers: Taxes tied to emissions and aid for buying electric vehicles.

Words worth knowing

Presupuestos de carbono (carbon budgets)

Maximum allowed emissions per sector over five-year periods.

Autoconsumo eléctrico (electric self-consumption)

Using electricity you generate yourself, for example with solar panels on your roof.

Bono social (social bonus)

A discount on the electricity or gas bill for low-income households.

Transición justa (just transition)

Protecting workers and areas hurt by plant closures by creating alternative jobs.

Fractura hidráulica (hydraulic fracturing)

A technique to extract gas by breaking rock with high-pressure water and chemicals, known as 'fracking'.

It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries