Humanity must face several important challenges in order to succeed. We will all have heard of them at least once: poverty, mass migration, lack of water or climate change. The way things work, for a country to prosper it must have money; Without it, you will not be able to protect your coasts when sea level rises, or take the necessary measures to prevent high temperatures and lack of resources from harming you.
In this situation, the Spanish government has cut budgets to fight climate change by 16%, going from 62,98 million in 2016 to 52,76 million this year 2017, as reported by the Ministry of Agriculture and Fisheries to the newspaper La Vanguardia.
The difference of 10,22 million is due to the fact that the estimate of auction income has gone from € 50 million in 2016 to € 40 million due to a decrease in the price of emission rights on the market. Apparently, the Ministry is supported by a part of the income it obtains from the auctions that must be paid by large companies that are subject to the emissions trading system. They must buy the rights to these emissions, which have a price of 5 euros per ton of CO2.
Where is that money going to go? The Plan to Promote the Environment (PIMA) -Adapta, the National Parks Agency will take 1,5 million euros; the General Directorate of Coasts 2,55 million, and the General Directorate of Water, which already has 18,9 million, will take another 4,9 million. In addition, 34 million will be allocated to adaptation to climate change this year, compared to 32 million in 2016.
However, it is expected that the country can better adapt to climate change, developing strategic plans in order to prevent the situation from worsening.