AP reports that Spain will spend its $162 billion EU stimulus aid to create 800,000 jobs over the next three years (this would be like nearly 6 million US jobs, given the population difference between the two countries).
AP writes, "The plan focuses primarily on getting Spain to transition to green energy and a digital economy, which will take up about 70% of the financing."
France and Germany have similar plans.
The plan, AP said, "is built on 10 main planks. They include strengthening the public health service, improving public infrastructure, transitioning to green energy and enhancing energy efficiency, developing professional training schemes and accelerating the digital modernization of Spanish industry." It will focus on environmentally friendly growth and job-creation, and aims to kickstart the economy into 7% growth next year after this year's contraction.
Spain's experience suggests that Joe Biden's plans to use green energy to create jobs and help get the US back out of its pandemic doldrums should he take office in January are likely to succeed. Moreover, I think Mr. Biden is going to be shocked at how quickly the country will move to renewables once the US government stops subsidizing Big Carbon, as he has promised to do.
Bonus Video:
Solar in Spain: "Spanish Government Energy & GHG Targets for 2030"
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