An Egalitarian Clean Energy Investment Program for Spain

by: Robert Pollin, Heidi Garrett-Peltier, Shouvik Chakraborty

August 03, 2015 |
Working Paper

This paper develops a sketch of a clean energy investment program for Spain. This program is capable of making three major contributions to advancing broadly-shared well-being in Spain: 1) Producing dramatic reductions in carbon dioxide (CO2) emissions generated within the Spanish economy; 2) Dramatically reducing Spain’s current level of oil import dependency; and 3) Generating hundreds of thousands of new jobs throughout the Spanish economy. Through all three of these channels, operating in combination, this clean energy investment program is also capable of serving as one major component of an overall program to reverse the austerity agenda that has dominated economic policymaking in Spain since the onset of the global financial crisis and Great Recession in 2007 – 09.

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