Law 6/2022 and Decree-Law 5/2024 on Climate Change of the Canary Islands
The Canary Islands boost their ecological transition with Law 6/2022 on Climate Change and its recent update through Decree-Law 5/2024. This regulation establishes the obligation to measure and register the carbon footprint for companies with high environmental or energy impact, especially in key sectors of the archipelago.
Who is obligated to calculate their footprint in the Canary Islands?
- Tourism sector: hotels, resorts, tourist apartments, theme parks.
- Fisheries and aquaculture: marine capture and farming companies.
- Industry and commerce: activities with high energy consumption.
- Transport: companies with more than 10 vehicles in their fleet.
- Other sectors included in the Canary Islands Climate Action Strategy.
Deadline to comply:
Affected companies must register their carbon footprint in the Canary Islands Carbon Footprint Registry.
Updates from Decree-Law 5/2024:
- Legal alignment with state Law 7/2021.
- More agile processing of renewable energy projects.
- Renewable targets: 58% of the electricity mix by 2030 and 100% by 2040.
- Strengthened sanctioning regime: more inspections and penalties.
Key steps to comply:
- Calculate your company's carbon footprint
- Develop an Emissions Reduction Plan
- Register your emissions in the regional system
- Apply for available subsidies
Notable subsidies:
- Aid for calculating and registering emissions
- Financial support for GHG reduction projects
- Incentives for renewable energies and fleet modernization
What happens if you don't comply?
- Fines and economic sanctions
- Loss of access to public aid
- Higher operating costs due to lack of efficiency
Benefits of anticipating:
Complying with this regulation allows companies to position themselves as sustainable, optimize their energy consumption, and access aid for modernization and decarbonization.
If you want to know more, consult our blog here.
Is your company affected by this law? At airCO2 we help you manage it step by step.