Irrational Pro-Renewable Policies, Nuclear Energy Tax Hikes Harm Spain’s Economic Recovery
Dec19

Irrational Pro-Renewable Policies, Nuclear Energy Tax Hikes Harm Spain’s Economic Recovery

Spain’s electrical supply industry is caught in a decade long death spiral of failed energy policy, over-reliance on imported fuels, and massive debt. Their new taxes on nuclear energy, an attempt to reduce utility debt, are likely to worsen their economy. Spain imports fuel for about 51 % of their electricity production in the form of coal and natural gas. Payments for these imported commodities contribute to a debilitating trade...

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