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In 2030 Spain’s GDP is estimated to be €3.2 billion higher than in a ‘no change’ scenario. Of this, €2 billion is due to the reduction in oil imports, helping to keep billions of euros in the Spanish economy.
The report, compiled by Cambridge Econometrics and Element Energy for the European Climate Foundation, set out to evaluate the impact that the transition to low-carbon emission vehicles would have on the Spanish economy, highlighting the challenges and opportunities involved.