The European Commission's 2022 European Semester Spring Package aims to provide Member States with support and guidance two years after the first impact of the COVID-19 pandemic and in the midst of Russia's ongoing invasion of Ukraine.
The country-specific recommendations adopted in the context of the European Semester provide guidance to Member States to adequately respond to persistent and emerging challenges and meet key shared policy objectives. This year they include recommendations to reduce dependence on fossil fuels through reforms and investments, in line with the REPowerEU priorities and the European Green Pact. For Spain, it makes the following 4 recommendations for 2022-2023:
- In 2023, ensure prudent fiscal policy, in particular by limiting the growth of state-financed current spending below potential output growth in the medium term, taking into account the continuation of temporary and targeted support to the most vulnerable households and businesses with respect to energy price hikes and people fleeing Ukraine. Be prepared to adjust current spending to the evolving situation. Increase public investment for green and digital transition and energy security, making use of RePowerEU and other EU funds. For the post-2023 period, implement a fiscal policy aimed at achieving prudent medium-term fiscal positions and ensure credible and gradual debt reduction and medium-term fiscal sustainability through gradual consolidation, investment and reforms.
- Proceed with the implementation of its recovery and resilience plan, in line with the milestones and objectives included in the Council Implementing Decision of July 13, 2021. Submit the 2021-2027 cohesion policy programming documents in order to finalize their negotiations with the Commission and subsequently start their implementation.
- Increase recycling rates to meet EU targets and promote the circular economy, improving coordination between all levels of government and undertaking new investments to meet separate waste collection and recycling obligations, as well as to enhance water reuse.
- Reduce overall dependence on fossil fuels. Accelerate the deployment of renewable energy, focusing on decentralized installations and autonomous consumption, including by streamlining permitting procedures and improving grid access. Support complementary investment in storage, grid infrastructure, electrification of buildings and transportation, and renewable hydrogen capacity. Increase energy availability. Increase energy interconnection, efficient social and affordable housing, including through renovation.
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Regulation & Public Policy
We offer regulatory advisory services in a business environment in which it is essential to have as much information as possible to support decision making. From the Regulation & Public Policy Group we are able to help manage business regulatory risk through our regulatory monitoring and regulatory intelligence services.