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Spain carbon tax

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Overview
Type: Carbon tax
Status: Implemented
Jurisdiction covered: Spain
Allocation: Set price
Price Setting: Formula-based price based on the multiplication of 0,015 coefficient and fluorinate’s GWP. General rate of EUR 15/tCO2e, price floor or minimum rate of EUR 4,39/tCO2 for a few high GWP fluorinates (EUR100/kg fluorinate cap or price ceiling applies)
Covered Gases:
  • Hfcs
  • Pfcs
  • Sf6
Covered Fuels:
  • Non-fuel emissions
Point of Regulation: Upstream
Offsets: Not permitted
Description

The Spanish tax on fluorinated gases (Impuesto sobre los Gases Fluorados de Efecto Invernadero) aims at curbing emissions from fluorinated greenhouse gases (F-gases). The tax complements the EU ETS, covering emissions that are not included under the ETS.

Recent Developments

No recent developments in the carbon tax since last report.

Coverage

The Spanish carbon tax applies to fluorinated GHG emissions (HFCs, PFCs, and SF6) from Annex I of the Regulation 2024/573. Use of fluorinated GHGs from chemical processes (production of aluminum), military use and international aviation and shipping, as well as F-gases with a global warming potential less than 150, are exempt. The export of the F-gases covered is exempt. Temporary exemptions apply to SF6 inhalators (until 2027).

Pricing and Allocation Approaches

Set price

Compliance Approaches

Quarterly

Relation to Other Compliance CPIs

Not applicable

Covered Sectors
COVERED
Industry Industry
Covered Emissions
2% Jurisdiction Emission
0.01% Global Emission

Covered : Uncovered:
Price
US$17 (€15)
US$16.1 - US$17.6 Range
-1.20% Down Arrow Change

Government Revenue
US$116M (€103M)
2025 Year
-7.38% Down Arrow Change