Mallorca pushes ahead with long-term sustainability plan

The Balearic Government’s long-term sustainability model is based on a circular model of use and recycling with the aim to be the world’s first circular tourist destination supported by independent local environmental organisations including the Mallorca Preservation Foundation, Save the Med and the Marilles Foundation. As part of this ongoing commitment to the island’s environment local developers and architects are now designing more sustainable property that is increasingly in demand by residents and second-home owners. The continued collaboration and investment by the private sector will fund the development of the new green hydrogen plant in the centre of the island, the first of its kind in the Mediterranean, that will provide 300 tonnes of green hydrogen. Plus the installation of 46 solar parks throughout the island by the end of 2022 that will generate over 326,000 megawatts of solar energy.  These projects are important steps forward for the island’s government that aims to have 35% renewable energy sources by 2030 and 100% by 2050. 

The global plan to generate a more resilient and diverse economy via energy transition and a green economy will receive a total investment in excess of 630 million euros over the next four years on the Balearic Islands. Mallorca’s important hotel sector is now committed to following a circular policy of recycling and working towards a sustainable model for tourism.  There is most definitely a demand among clients for new construction projects with innovative architecture, environmentally-friendly technology design and energy features that positively impact the value of the property.

Source: engelvoelkers.com