[RenewableEnergyAccess.com] Spain’s new energy law is designed to attract 23 billion Euro in investment by improving the legislative environment for renewable energy. The legislation is intended to alleviate Spain’s high degree of dependence on imports. Right now 80 percent of the country’s energy consumption must be met from imported sources, which is largely oil and gas, followed by coal. Plus, oil accounts for about half of primary energy consumption. The strategies defined for the energy sector have been shaped by the international commitments of the European Union as a whole, and those of Spain in particular, relating to energy supply and climate change. Promoting the use of energy from renewable sources plays a fundamental role in meeting both commitments.