economy
Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade
The southern European country has ramped up its investment in solar and wind technologies in recent years.
TL;DR
- Spain's pivot to solar and wind power has increased its energy resilience and sovereignty.
- The country has become the fastest-growing advanced economy in Europe and a major job creator in the euro zone.
- Spain's reliance on gas for electricity has dropped significantly, lowering exposure to energy shocks.
- Citizens and businesses are still experiencing higher fuel and fertilizer prices due to the Iran war.
- Spain has faced U.S. trade threats over its stance on the Iran war and its refusal to meet NATO defense spending targets.
- The Spanish government denies that renewable energy was to blame for a past catastrophic blackout.