On Monday 2 October, the European Commission approved Spain’s revised post-Covid-19 recovery plan, which now has an overall budget of €163 billion, including €83 billion in preferential loans (see EUROPE B13196A32).
Under this plan, 40% of the financial allocation will be earmarked for climate objectives. The reforms include plans to combat desertification, improve waste management and reduce food waste. The investments will help to regreen certain geographical areas and strengthen...