The transition to a de-carbonized energy model, largely free from fossil fuels, is the world's main challenge to combat global warming.
More than half of Spain's electrical system demand in 2023 was met with the generation of renewable energies, thanks to a strong push in the implementation of renewable energies.
The energy transition can provide low-cost energy self-sufficiency to Spain, drawing on its own natural resources such as sun and wind.
The government estimates that the energy transformation can provide a 2.5% GDP growth and generate half a million jobs by 2030.
A pricing system is needed that guarantees the return on investment for the necessary new investments in photovoltaic or wind energy.
The problem of excessive supply of renewable energy with slow demand needs to be corrected.
Spain will continue depending on external energy sources as natural gas will remain as the energy source to offset the instability of renewable energies' production.
Conclusion: Despite challenges, the transition towards a new energy model is inevitable and essential for the sustainable future. Public-private cooperation and social consciousness will play key roles in this process.