Law 10/2019 on Climate Change and Energy Transition of the Balearic Islands

 Law 10/2019 drives the transition towards a decarbonized economy in the Balearic Islands, aiming to achieve climate neutrality by 2050. Its practical application is regulated by Decree 48/2021, which establishes the mandatory annual calculation and registration of the carbon footprint for various entities.

Who does this law apply to?

• Large and medium-sized enterprises that meet at least one of these requirements:
• Have 50 or more employees
• Turnover or annual balance sheet exceeding 10 million euros
• Public administrations dependent on the Balearic Government
• Voluntary registration for small businesses, municipalities, and citizens
  
  

Main obligations:

1. Annually measure the carbon footprint, including GHG emissions generated by the activity.
2. External verification in the first year and a responsible declaration in subsequent years.
3. Mandatory registration in the Balearic Carbon Footprint Registry before September 30 of each year.
   
   

What happens if you don't comply?

• Economic sanctions.
• Loss of access to public aid and tenders.
• Negative impact on corporate reputation.
  
  

Benefits of compliance:

• Improved energy efficiency and cost reduction.
• Access to incentives and sustainable financing.
• Strengthened brand image as a committed entity.
• Competitive advantage over other companies in the sector.
  
  

Other notable initiatives of the law:

• Promotion of renewable energies: support for photovoltaic and wind installations.
• Boost to energy efficiency: specific aid for key sectors.
• Sustainable mobility: development of infrastructure for electric vehicles and clean energies.
  

This law makes the Balearic Islands a national benchmark in sustainability. Even if your company is not obligated, anticipating can offer significant strategic benefits.

If you want to know more, consult our blog here.