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The government will have to install a minimum 3,000 megawatts of wind and solar power capacity each year over the next decade to reach its goal. To that end, Spain is also earmarking a fifth of the state budget for measures to address climate change. The strategy, as outlined in a draft law, would allow the country to decarbonize its economy soon after the 2050 electricity transition. It would exceed some of the EU’s current environmental targets in the process, potentially positioning Spain as a leader on climate action.

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