Citizen campaign proposes a generational fund in Spain backed by renewable energy revenue for public housing and pensions
The campaign 'España puede ser la hostia', promoted by the Impulso Regenerativo platform and coordinated by the Hope foundation, proposes creating a generational fund inspired by Norway's oil and gas model but fed by renewable energy revenue. They propose funding it with a 30% state stake in new wind and solar parks, the recovery of hydropower concessions, part of the CO₂ rights market and citizens' savings. They estimate more than 12.5 billion euros a year by 2050 to reinvest in housing and the energy transition.
In 40 seconds
- The initiative asks political parties to include its proposals ahead of the general election on November 29
- The fund would be inspired by the Norwegian model, which allocates 3.5% of its assets to the welfare state
- They estimate more than 12.5 billion euros a year by 2050, capital to reinvest rather than spend
Read the full story at EL PAÍS
IASummary generated by artificial intelligence from a story by EL PAÍS. It may contain errors: the original source prevails.
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