Details of the government’s much awaited PIMASOL Plan were finally revealed at the beginning of September, with the publication of Royal Decree 635/2013. The project includes a purchasing procedure for carbon credits from sectors that are not subject to the trade of emission rights, specifically hotels, generated by reduction in their emissions for investment projects.
Although the most interesting thing about it is that it is designed to promote and finance the adoption of energy efficiency measures on the part of Spanish establishments. Despite being welcome, in ITH we believe that it could be better. In this article we analyse the plan’s key points, the strengths and weaknesses, and possible areas for improvement which would turn it into a plan that really drives energy efficiency in the hotel sector.
The PIMASOL plan offers hotels an excellent opportunity to obtain financing that enables them to pay for measures which will have a positive impact on their facilities’ energy efficiency. The plan will spend up to €400 million on financing energy efficiency measures in hotels, of which €200 million comes from the European Investment Bank (EIB), while the rest comes from Santander Bank.
Article published in: FuturENERGY October 2013