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class="mdc-c-content-block___7p6Lu_2734c4f"><h1 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-u-ts-1"><div>The Industry & Energy Transition Index: Spain</div></h1></div></div></div><div class="EnhancedHero_mck-c-enhanced-hero__social-share-wrapper__DzbtF"><div data-component="mdc-c-link-container" class="mdc-c-link-container___xefGu_2734c4f mdc-c-link-container--align-left mdc-c-link-container--display-column___X0HDD_2734c4f mdc-u-grid-gutter-sm"><a data-component="mdc-c-link" href="#" class="mdc-c-link-icon___SEKyg_2734c4f" role="button" aria-label="Share on linkedin" data-layer-event-prefix="CTA Link" data-layer-action="click" data-layer-category="share" data-layer-subcategory="social" data-layer-subcategory2="linkedin" data-layer-text="Share on LinkedIn"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--radial___y3csX_2734c4f mdc-c-icon--size-xl___3BEee_2734c4f mck-linkedin-thin-icon"></span><span class="mdc-c-link__label___Pfqtd_2734c4f">LinkedIn</span></a><a data-component="mdc-c-link" href="#" class="mdc-c-link-icon___SEKyg_2734c4f" role="button" aria-label="Tweet on X" data-layer-event-prefix="CTA Link" data-layer-action="click" data-layer-category="share" data-layer-subcategory="social" data-layer-subcategory2="twitter" data-layer-text="Share on X"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--radial___y3csX_2734c4f mdc-c-icon--size-xl___3BEee_2734c4f mck-twitter-icon"></span><span class="mdc-c-link__label___Pfqtd_2734c4f">X</span></a><a data-component="mdc-c-link" href="#" class="mdc-c-link-icon___SEKyg_2734c4f" role="button" aria-label="Share on facebook" data-layer-event-prefix="CTA Link" data-layer-action="click" data-layer-category="share" data-layer-subcategory="social" data-layer-subcategory2="facebook" data-layer-text="Share on Facebook"><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mdc-c-icon--radial___y3csX_2734c4f mdc-c-icon--size-xl___3BEee_2734c4f mck-facebook-thin-icon"></span><span class="mdc-c-link__label___Pfqtd_2734c4f">Facebook</span></a></div></div></div></div></div></div></div></div></div></div></div><div class="mck-o-container mck-o-container__area-c"><div class="mck-o-container--wrapped mck-o-container--mobile-spacing"><div class="mdc-u-grid mdc-u-grid-col-1 mdc-u-grid-gutter-xxs mck-o-container-universal-body"><div data-component="mdc-c-module-wrapper" data-module-theme="light" data-module-background="white" data-module-category="StandalonePromo" data-module-gradient-position="top-right" class="mck-c-full-text-c mck-c-module-wrapper"><div class="mck-o-container"><div class="UpModule_mck-c-up__irSw8"><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f mck-c-full-text-c__content-block FullTextC_mck-c-full-text-c__content-block--module-center-aligned__qo8OU mdc-u-grid mdc-u-grid-gutter-xxl mdc-u-grid-col-sm-1 mdc-u-grid-col-md-4"><div class="mck-c-full-text-c__column mdc-u-grid-col-md-span-4"><div class="FullTextC_mck-c-full-text-c__text-content__3NKIh mck-u-links-inline mdc-o-content-body"><p>Europe, including Spain, has experienced a deindustrialization wave and overall loss of competitiveness in recent decades. The energy transition, however, presents a real opportunity to reignite growth and reindustrialize the economy, and Spain is well positioned to become a “speedboat,” leading the way within Europe’s economic plan.</p> <p>This transformation is long and complex, with significant stakes—it could potentially boost GDP by approximately 10 percent by 2030 and create thousands of skilled jobs. But progress can often get lost in political and media coverage, making it difficult to track. To address this, we have created the IETI Index, part of the <a href="/featured-insights/the-iberian-industry-and-energy-transition-initiative-en">Industry and Energy Transition Initiative in Iberia</a>, to monitor progress and initiate meaningful discussions on accelerating Spain’s energy transition and reindustrialization. Every six months, we will release a new publication focused on 14 key indicators and expert insights (see more about the methodology <a href="#about">here</a>).</p></div></div></div></div></div></div><div data-component="mdc-c-module-wrapper" data-module-theme="light" data-module-background="white" data-module-category="" data-module-gradient-position="top-right" class="mck-c-module-wrapper"><div class="mck-o-container"><div class="UpModule_mck-c-up__irSw8"><div data-component="mdc-c-module-wrapper" data-module-theme="default" data-module-background="transparent" data-module-category="" class=""><div id="" data-layer-region="ceros-body"><div class="Ceros_mck-c-ceros-section__l2zpJ mck-u-screen-only"><style>.ceros-experience-holder-experience-672258a79f7a1 { padding: 0 0 1072.56% } @media screen and (min-width: 768px) { .ceros-experience-holder-experience-672258a79f7a1{padding: 0 0 172.39% } }</style><div class="Ceros_mck-c-ceros-holder__OAdU8"><div class="ceros-experience-holder-experience-672258a79f7a1 Ceros_mck-c-ceros-holder__ceros-experience-holder__O5ch7" data-break-on="768" data-sm-id="experience-672a799a52237" data-lg-id="experience-672258a79f7a1" data-sm-src="//view.ceros.com/mckinsey/ieth-landing-2024-a-desktop-1-1" data-lg-src="//view.ceros.com/mckinsey/ieth-landing-2024-a-desktop-1" data-sm-padding="1072.56%" data-lg-padding="172.39%"><iframe class="ceros-experience Ceros_mck-c-ceros-holder__ceros-experience__H4rRu" loading="lazy" allowfullscreen="" frameBorder="0" title="The Industry & Energy Transition Index: Spain"></iframe></div></div></div><div class="mck-u-sr-only"></div></div></div></div></div></div><div data-component="mdc-c-module-wrapper" data-module-theme="dark" data-module-background="deep-blue" data-module-category="StandalonePromo" data-module-gradient-position="top-right" class="mck-c-full-text-c mck-o-edge-to-edge mck-c-module-wrapper"><div class="mck-o-container"><div class="UpModule_mck-c-up__irSw8 mck-o-container--wrapped mck-o-container--mobile-spacing"><div class="UpModule_mck-c-up__header__OR_Vx"><h2 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-c-heading--title___5qyOB_2734c4f mdc-u-align-center UpModule_mdc-c-heading--title__4XbMT"><div><a id="about"></a>About the Index</div></h2></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f mck-c-full-text-c__content-block FullTextC_mck-c-full-text-c__content-block--module-center-aligned__qo8OU mdc-u-grid mdc-u-grid-gutter-xxl mdc-u-grid-col-sm-1 mdc-u-grid-col-md-4"><div class="mck-c-full-text-c__column mdc-u-grid-col-md-span-4"><div class="FullTextC_mck-c-full-text-c__text-content__3NKIh mck-u-links-inline mdc-o-content-body"><p>The IETI Index is part of the <a href="/featured-insights/the-iberian-industry-and-energy-transition-initiative-en">Industry and Energy Transition Initiative in Iberia</a>, a McKinsey think tank focused on accelerating efforts in Spain and <a href="/industries/electric-power-and-natural-gas/our-insights/the-industry-and-energy-transition-index-portugal">Portugal</a> to decarbonize and reindustrialize their economies.</p> <p>The Index is based on four key dimensions for the energy transition (sustainability, reliability, affordability, and competitiveness) and four for industrialization (production, investments, employment, and exports). For each dimension, we select a set of quantitative indicators, drawing data from public sources. We track the historical progress and compare it to “arrival references,” for example, the 2030 national policy goals. We then draw various trajectories between what each country has done and where it needs to get—and compare today’s performance to that trajectory. By mapping these trajectories, we can assess whether current performance in Spain and Portugal is “on track,” “leading,” or “lagging” to reach the 2030 goals.</p> <p>This quantitative approach is complemented by expert insights. We update the Index every six months for all the indicators, providing an ongoing assessment of Spain’s and Portugal’s progress.</p></div></div></div></div></div></div><div data-component="mdc-c-module-wrapper" data-module-theme="light" data-module-background="white" data-module-category="StandalonePromo" data-module-gradient-position="top-right" class="mck-c-full-text-c mck-c-module-wrapper"><div class="mck-o-container"><div class="UpModule_mck-c-up__irSw8"><div class="UpModule_mck-c-up__header__OR_Vx"><h2 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-c-heading--title___5qyOB_2734c4f mdc-u-align-center UpModule_mdc-c-heading--title__4XbMT"><div>About the author(s)</div></h2></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f mck-c-full-text-c__content-block FullTextC_mck-c-full-text-c__content-block--module-center-aligned__qo8OU mdc-u-grid mdc-u-grid-gutter-xxl mdc-u-grid-col-sm-1 mdc-u-grid-col-md-4"><div class="mck-c-full-text-c__column mdc-u-grid-col-md-span-4"><div class="FullTextC_mck-c-full-text-c__text-content__3NKIh mck-u-links-inline mdc-o-content-body"><p><strong>André Anacleto</strong> is a partner in McKinsey’s Lisbon office, where <strong><a href="/our-people/maria-joao-ribeirinho">Maria João Ribeirinho</a></strong> is a senior partner; <strong><a href="/our-people/david-gonzalez">David González</a></strong> is a senior partner in the Madrid office, where <strong><a href="/our-people/tilman-tacke">Tilman Tacke</a></strong> is a partner, and <strong>Denitsa Georgieva</strong>, <strong>Diogo Parreira</strong>, and <strong>Javier Marazuela</strong> are consultants.</p> <p>The authors wish to thank Álvaro Bau, Ana Carolina Gaspar Cordeiro, Diogo Amorim Santiago, Diogo Setúbal, Ignacio Martínez Giménez, Jose Luis González, Joseba Eceiza, José Pimenta da Gama, Juan Antonio Bahillo, Patricia Ovidio, Pedro Alvarilhao, and Tomás Calleja for their contributions to this report.</p></div></div></div></div></div></div><div data-component="mdc-c-module-wrapper" data-module-theme="light" data-module-background="white" data-module-category="StandalonePromo" data-module-gradient-position="top-right" class="mck-c-two-up-small mck-c-module-wrapper" data-module-name="two-up-small"><div class="mck-o-container"><div class="UpModule_mck-c-up__irSw8"><div class="UpModule_mck-c-up__header__OR_Vx"><h2 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-c-heading--title___5qyOB_2734c4f mdc-u-align-center UpModule_mdc-c-heading--title__4XbMT"><div>Related articles</div></h2></div><div class="mck-c-up__content mdc-u-grid mdc-u-grid-col-sm-1 mdc-u-grid-gutter-xl mdc-u-grid--align-start mdc-u-grid-col-md-2 mdc-u-grid-col-sm-1"><div class="mdc-u-grid mdc-u-grid-gutter-lg mdc-u-grid-col-sm-1 mdc-u-grid--align-start mck-c-two-up-small__two-up-small-generic-item mck-c-two-up-small mck-c-two-up-small--small GenericItem_mck-c-generic-item__sGwKL GenericItem_mck-c-generic-item--with-hover-effect__hmVy2 GenericItem_mck-c-generic-item--1by1-above-desktop__p_xzy"><div class="GenericItem_mck-c-generic-item__image__F_tIc"><a data-component="mdc-c-link" href="/featured-insights/the-iberian-industry-and-energy-transition-initiative-en" class="mdc-c-link___lBbY1_2734c4f"><picture data-component="mdc-c-picture"><source media="(min-width: 1180px)" srcSet="/~/media/mckinsey/business%20functions/sustainability/how%20we%20help%20clients/industry%20and%20energy%20transition%20initiative/industry-and-energy-transition-initiative_1536x1536.jpg?cq=50&mw=767&car=1:1&cpy=Center"/><img alt="Digital generated image of multiple environmental rectangular cross sections with different types of energy supply. Sustainable city concept." src="/~/media/mckinsey/business%20functions/sustainability/how%20we%20help%20clients/industry%20and%20energy%20transition%20initiative/industry-and-energy-transition-initiative_1536x1536.jpg?cq=50&mw=767&car=42:25&cpy=Center" loading="lazy"/></picture></a></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f mdc-u-grid-gutter-xs GenericItem_mck-c-generic-item__content__gq1m0"><div class="mck-c-eyebrow mdc-u-ts-10"><span>Article</span></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f"><h5 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-u-ts-6"><a data-component="mdc-c-link" href="/featured-insights/the-iberian-industry-and-energy-transition-initiative-en" class="mdc-c-link-heading___Zggl8_2734c4f mdc-c-link-heading--with-icon___ssPll_2734c4f mdc-c-link___lBbY1_2734c4f"><span>The Iberian Industry and Energy Transition Initiative</span></a><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mck-arrow-right-fat-icon mdc-u-ts-9 mdc-c-heading__icon___TbFKK_2734c4f"></span></h5><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_2734c4f mdc-u-ts-8"><div class="mck-u-links-inline mck-c-generic-item__description">Driving sustainable growth and development in Spain and Portugal</div></div></div></div></div><div class="mdc-u-grid mdc-u-grid-gutter-lg mdc-u-grid-col-sm-1 mdc-u-grid--align-start mck-c-two-up-small__two-up-small-generic-item mck-c-two-up-small mck-c-two-up-small--small GenericItem_mck-c-generic-item__sGwKL GenericItem_mck-c-generic-item--with-hover-effect__hmVy2 GenericItem_mck-c-generic-item--1by1-above-desktop__p_xzy"><div class="GenericItem_mck-c-generic-item__image__F_tIc"><a data-component="mdc-c-link" href="/industries/electric-power-and-natural-gas/our-insights/the-industry-and-energy-transition-index-portugal" class="mdc-c-link___lBbY1_2734c4f"><picture data-component="mdc-c-picture"><source media="(min-width: 1180px)" srcSet="/~/media/mckinsey/industries/electric%20power%20and%20natural%20gas/our%20insights/the%20industry%20energy%20transition%20index%20portugal/thumb-ieti-portugal-1536x1536-v2.jpg?cq=50&mw=767&car=1:1&cpy=Center"/><img alt="Topographic map of Portugal" src="/~/media/mckinsey/industries/electric%20power%20and%20natural%20gas/our%20insights/the%20industry%20energy%20transition%20index%20portugal/thumb-ieti-portugal-1536x1536-v2.jpg?cq=50&mw=767&car=42:25&cpy=Center" loading="lazy"/></picture></a></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f mdc-u-grid-gutter-xs GenericItem_mck-c-generic-item__content__gq1m0"><div class="mck-c-eyebrow mdc-u-ts-10"><span>Report</span></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f"><h5 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-u-ts-6"><a data-component="mdc-c-link" href="/industries/electric-power-and-natural-gas/our-insights/the-industry-and-energy-transition-index-portugal" class="mdc-c-link-heading___Zggl8_2734c4f mdc-c-link-heading--with-icon___ssPll_2734c4f mdc-c-link___lBbY1_2734c4f"><span>The Industry & Energy Transition Index: Portugal</span></a><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mck-arrow-right-fat-icon mdc-u-ts-9 mdc-c-heading__icon___TbFKK_2734c4f"></span></h5><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_2734c4f mdc-u-ts-8"><span class="GenericItem_mck-c-generic-item__display-date__6Py5E"><time dateTime="2024-11-27T12:00:00Z">November 27, 2024</time> - </span><div class="mck-u-links-inline mck-c-generic-item__description GenericItem_mck-c-generic-item__description--with-date__KRltZ">Europe, including Portugal, has experienced a deindustrialization wave and overall loss of competitiveness in recent decades....</div></div></div></div></div></div></div></div></div><div data-component="mdc-c-module-wrapper" data-module-theme="light" data-module-background="lightest-grey" data-module-category="StandalonePromo" data-module-gradient-position="top-right" class="PromoBar_mck-c-promo-bar__tebi0 mck-o-edge-to-edge mck-c-module-wrapper" data-module-name="promo-bar"><div class="mck-o-container"><div class="UpModule_mck-c-up__irSw8 mck-o-container--wrapped mck-o-container--mobile-spacing"><div class="mdc-u-grid mdc-u-grid-col-lg-12 mdc-u-grid-col-md-12 mdc-u-grid-col-sm-12"><div class="mdc-u-grid-col-lg-span-9 mdc-u-grid-col-md-span-8 mdc-u-grid-col-sm-span-12"><div class="mdc-u-grid mdc-u-grid-gutter-lg mdc-u-grid-col-sm-1 mdc-u-grid--align-start GenericItem_mck-c-generic-item__sGwKL"><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f mdc-u-grid-gutter-xs GenericItem_mck-c-generic-item__content__gq1m0"><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_2734c4f"><h2 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_2734c4f mdc-u-ts-4"><div>Connect with our Electric Power & Natural Gas Practice</div></h2></div></div></div></div><div class="PromoBar_mck-c-promo-bar__section-cta-wrapper__5UayI mdc-u-grid-col-lg-span-3 mdc-u-grid-col-md-span-4 mdc-u-grid-col-sm-span-12"><div class="mck-c-up__footer"><div data-component="mdc-c-link-container" class="mdc-c-link-container___xefGu_2734c4f PromoBar_mck-c-promo-bar__section-cta-container__TZKYO"><a data-component="mdc-c-link" href="/industries/electric-power-and-natural-gas/contact-us" class="mdc-c-button___U4iY2_2734c4f mdc-c-button--primary___Ed-lT_2734c4f mdc-c-button--size-large___jwpUy_2734c4f" aria-label=""><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_2734c4f mck-email-icon"></span><span class="mdc-c-link__label___Pfqtd_2734c4f">Contact Us</span></a></div></div></div></div></div></div></div></div></div></div></main></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"locale":"en","dictionary":{},"sitecoreContext":{"route":{"name":"The Industry and Energy Transition Index Spain","displayName":"The Industry \u0026 Energy Transition Index: Spain","fields":null,"databaseName":"web","deviceId":"fe5d7fdf-89c0-4d99-9aa3-b5fbd009c9f3","itemId":"74f9b31c-3f44-4445-a6d0-357c9eaab7d9","itemLanguage":"en","itemVersion":1,"layoutId":"ae753eb4-a035-40b4-83bf-4b4438df6742","templateId":"85ff0530-7883-480f-9a4c-82123f72ffd8","templateName":"Universal Base JSS","placeholders":{"jss-main":[{"uid":"18acb685-acc2-43e6-ae42-aaba930ff664","componentName":"BaseTemplate","dataSource":"","fields":{"data":{"baseTemplate":{"name":"The Industry and Energy Transition Index Spain","id":"74F9B31C3F444445A6D0357C9EAAB7D9","displayName":"The Industry \u0026 Energy Transition Index: Spain","title":{"jsonValue":{"value":"The Industry \u0026amp; Energy Transition Index: Spain"}},"pageVerificationCodes":{"value":""},"sEOTitle":{"value":""},"pageSubheader":{"value":""},"Body":{"value":""},"addTitleDivider":{"value":""},"standardImage":{"src":"/~/media/mckinsey/industries/electric power and natural gas/our insights/the industry energy transition index spain/thumb-ieti-spain-1536x1536-v5.jpg","alt":"Topographic map of Spain","height":1536,"width":1536,"Description":""},"displayDate":{"jsonValue":{"value":"2024-11-12T00:00:00Z"}},"description":{"jsonValue":{"value":"The industry and energy transition index measures and assesses energy transition and industrialization in Portugal and Spain. This evolution is measured every six months, tracking the progress of seven energy transition KPIs and six industrialization indicators against their historical progress and defined targets for 2030."}},"sEODescription":{"value":""},"uniqueLogo":{"jsonValue":null},"isMinisiteParent":{"value":false},"contactPage":{"value":false},"hideFromNav":{"value":true},"transparentNavBackground":{"value":false},"navigationTitle":{"value":""},"contentType":{"jsonValue":{"name":"Report","displayName":"Report","id":"{96177F40-E988-4542-86F7-4B4533B0294D}","fields":{}}},"hideFromSearchEngines":{"boolValue":false},"hideStickySubscriptionBar":{"value":false},"ancestors":[{"id":"290516DA7DD4473F81E2E0DA47B98D39","pageTitle":"Our Insights","displayName":"Insights on Electric Power \u0026 Natural Gas"},{"id":"CD27299DCD06410180CC994601264608","pageTitle":"Electric Power and Natural Gas","displayName":"Electric Power \u0026 Natural Gas"},{"id":"819BA13074D543B5914080CC2BFAB9E8","pageTitle":"Industries","displayName":"Industries","index":2},{"id":"367E40410C4A4A6D99D77D83F5A73EA7","pageTitle":"Home","displayName":"Home"},{"id":"258857D050FA4C3E8C1155EDFF84A992","pageTitle":"McKinsey","displayName":"McKinsey"},{"id":"0DE95AE441AB4D019EB067441B7C2450","pageTitle":"content","displayName":"Content"},{"id":"11111111111111111111111111111111","pageTitle":"sitecore","displayName":"sitecore"}],"selectedModalSubscriptions":null}}},"placeholders":{"area-c":[{"uid":"ef77898c-20dc-4a79-800b-d2161e00f8b8","componentName":"FullTextC","dataSource":"{4295CF45-ECF2-47E5-8AF9-DC1E3BBBBD97}","params":{"Columns":"{\"Key\":{\"value\":\"1\"},\"Value\":{\"value\":\"1\"}}","Section Title Alignment":"{\"Key\":{\"value\":\"Center\"},\"Value\":{\"value\":\"center\"}}","Module Alignment":"{\"Key\":{\"value\":\"center\"},\"Value\":{\"value\":\"center\"}}","Background Color":"{\"Key\":{\"value\":\"White\"},\"Value\":{\"value\":\"white\"}}","Gradient Direction":"{\"Key\":{\"value\":\"Top Right\"},\"Value\":{\"value\":\"top-right\"}}","Container_Width":"{\"Key\":{\"value\":\"Full Width\"},\"Value\":{\"value\":\"-full-width\"}}","Font_Size":"{\"Key\":{\"value\":\"Tiny\"},\"Value\":{\"value\":\"text-t\"}}","Text_Position":"{\"Key\":{\"value\":\"Left\"},\"Value\":{\"value\":\"-left\"}}"},"fields":{"data":{"datasource":{"id":"4295CF45ECF247E58AF9DC1E3BBBBD97","sectionTitle":{"jsonValue":{"value":""}},"sectionHeader":{"jsonValue":{"value":""}},"leftColumnText":{"jsonValue":{"value":"\u003cp\u003eEurope, including Spain, has experienced a deindustrialization wave and overall loss of competitiveness in recent decades. 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Every six months, we will release a new publication focused on 14 key indicators and expert insights (see more about the methodology \u003ca href=\"#about\"\u003ehere\u003c/a\u003e).\u003c/p\u003e"}},"leftColumnCTA":{"jsonValue":{"value":[]}},"rightColumnText":{"jsonValue":{"value":""}},"rightColumnCTA":{"jsonValue":{"value":[]}},"readMoreLink":{"jsonValue":{"value":{"href":""}}}},"inlineModules":{"exhibit":{"results":[]},"image":{"results":[]},"audio":{"results":[]},"disruptor1up":{"results":[]},"ceros":{"results":[]},"exhibitcarousel":{"results":[]},"pullquote":{"results":[]},"disruptorsignup":{"results":[]},"articlesidebar":{"results":[]},"video":{"results":[]},"factoid":{"results":[]}}}}},{"uid":"e0e38698-fa19-46fe-8323-3362f532b90d","componentName":"CerosPlaceholder","dataSource":"{B9741DD5-28B0-4238-B0BF-68D40D98674B}","params":{"Ceros Placement":"{\"Key\":{\"value\":\"Section\"},\"Value\":{\"value\":\"section\"}}","Gradient Direction":"{\"Key\":{\"value\":\"Top Right\"},\"Value\":{\"value\":\"top-right\"}}"},"fields":{"data":{"datasource":{"sectionDek":{"jsonValue":{"value":""}},"sectionTitle":{"jsonValue":{"value":""}},"sectionHeader":{"jsonValue":{"value":""}},"callToActionLinks":{"jsonValue":{"value":[]}},"cerosID":{"value":"experience-672258a79f7a1"},"overrideHeight":{"value":""},"paddingPercentage":{"value":"172.39"},"srcURL":{"value":"//view.ceros.com/mckinsey/ieth-landing-2024-a-desktop-1"},"mobileCerosID":{"value":"experience-672a799a52237"},"mobileOverrideHeight":{"value":""},"mobilePaddingPercentage":{"value":"1072.56"},"mobileSrcURL":{"value":"//view.ceros.com/mckinsey/ieth-landing-2024-a-desktop-1-1"}}}}},{"uid":"52714564-1a3b-4184-b967-a9365f0c021e","componentName":"FullTextC","dataSource":"{12D0AAEC-4B1F-4525-B322-3781062FAB15}","params":{"Columns":"{\"Key\":{\"value\":\"1\"},\"Value\":{\"value\":\"1\"}}","Section Title Alignment":"{\"Key\":{\"value\":\"Center\"},\"Value\":{\"value\":\"center\"}}","Module Alignment":"{\"Key\":{\"value\":\"center\"},\"Value\":{\"value\":\"center\"}}","Background Color":"{\"Key\":{\"value\":\"Deep Blue\"},\"Value\":{\"value\":\"deep-blue\"}}","Gradient Direction":"{\"Key\":{\"value\":\"Top Right\"},\"Value\":{\"value\":\"top-right\"}}"},"fields":{"data":{"datasource":{"id":"12D0AAEC4B1F4525B3223781062FAB15","sectionTitle":{"jsonValue":{"value":"\u003ca id=\"about\"\u003e\u003c/a\u003eAbout the Index"}},"sectionHeader":{"jsonValue":{"value":""}},"leftColumnText":{"jsonValue":{"value":"\u003cp\u003eThe IETI Index is part of the \u003ca href=\"/featured-insights/the-iberian-industry-and-energy-transition-initiative-en\"\u003eIndustry and Energy Transition Initiative in Iberia\u003c/a\u003e, a McKinsey think tank focused on accelerating efforts in Spain and \u003ca href=\"/industries/electric-power-and-natural-gas/our-insights/the-industry-and-energy-transition-index-portugal\"\u003ePortugal\u003c/a\u003e to decarbonize and reindustrialize their economies.\u003c/p\u003e\n\u003cp\u003eThe Index is based on four key dimensions for the energy transition (sustainability, reliability, affordability, and competitiveness) and four for industrialization (production, investments, employment, and exports). For each dimension, we select a set of quantitative indicators, drawing data from public sources. We track the historical progress and compare it to \u0026ldquo;arrival references,\u0026rdquo; for example, the 2030 national policy goals. We then draw various trajectories between what each country has done and where it needs to get\u0026mdash;and compare today\u0026rsquo;s performance to that trajectory. By mapping these trajectories, we can assess whether current performance in Spain and Portugal is \u0026ldquo;on track,\u0026rdquo; \u0026ldquo;leading,\u0026rdquo; or \u0026ldquo;lagging\u0026rdquo; to reach the 2030 goals.\u003c/p\u003e\n\u003cp\u003eThis quantitative approach is complemented by expert insights. We update the Index every six months for all the indicators, providing an ongoing assessment of Spain\u0026rsquo;s and Portugal\u0026rsquo;s progress.\u003c/p\u003e"}},"leftColumnCTA":{"jsonValue":{"value":[]}},"rightColumnText":{"jsonValue":{"value":""}},"rightColumnCTA":{"jsonValue":{"value":[]}},"readMoreLink":{"jsonValue":{"value":{"href":""}}}},"inlineModules":{"exhibit":{"results":[]},"image":{"results":[]},"audio":{"results":[]},"disruptor1up":{"results":[]},"ceros":{"results":[]},"exhibitcarousel":{"results":[]},"pullquote":{"results":[]},"disruptorsignup":{"results":[]},"articlesidebar":{"results":[]},"video":{"results":[]},"factoid":{"results":[]}}}}},{"uid":"2a776860-74d3-44c2-9679-8bc3610230da","componentName":"FullTextC","dataSource":"{369F24CB-C207-4446-AAB7-0D8A3048004C}","params":{"Columns":"{\"Key\":{\"value\":\"1\"},\"Value\":{\"value\":\"1\"}}","Section Title Alignment":"{\"Key\":{\"value\":\"Center\"},\"Value\":{\"value\":\"center\"}}","Module Alignment":"{\"Key\":{\"value\":\"center\"},\"Value\":{\"value\":\"center\"}}","Gradient Direction":"{\"Key\":{\"value\":\"Top Right\"},\"Value\":{\"value\":\"top-right\"}}"},"fields":{"data":{"datasource":{"id":"369F24CBC2074446AAB70D8A3048004C","sectionTitle":{"jsonValue":{"value":"About the author(s)"}},"sectionHeader":{"jsonValue":{"value":""}},"leftColumnText":{"jsonValue":{"value":"\u003cp\u003e\u003cstrong\u003eAndr\u0026eacute; Anacleto\u003c/strong\u003e is a partner in McKinsey\u0026rsquo;s Lisbon office, where \u003cstrong\u003e\u003ca href=\"/our-people/maria-joao-ribeirinho\"\u003eMaria Jo\u0026atilde;o Ribeirinho\u003c/a\u003e\u003c/strong\u003e is a senior partner; \u003cstrong\u003e\u003ca href=\"/our-people/david-gonzalez\"\u003eDavid Gonz\u0026aacute;lez\u003c/a\u003e\u003c/strong\u003e is a senior partner in the Madrid office, where \u003cstrong\u003e\u003ca href=\"/our-people/tilman-tacke\"\u003eTilman Tacke\u003c/a\u003e\u003c/strong\u003e is a partner, and \u003cstrong\u003eDenitsa Georgieva\u003c/strong\u003e, \u003cstrong\u003eDiogo Parreira\u003c/strong\u003e, and \u003cstrong\u003eJavier Marazuela\u003c/strong\u003e are consultants.\u003c/p\u003e\n\u003cp\u003eThe authors wish to thank \u0026Aacute;lvaro Bau, Ana Carolina Gaspar Cordeiro, Diogo Amorim Santiago, Diogo Set\u0026uacute;bal, Ignacio Mart\u0026iacute;nez Gim\u0026eacute;nez, Jose Luis Gonz\u0026aacute;lez, Joseba Eceiza, Jos\u0026eacute; Pimenta da Gama, Juan Antonio Bahillo, Patricia Ovidio, Pedro Alvarilhao, and Tom\u0026aacute;s Calleja for their contributions to this report.\u003c/p\u003e"}},"leftColumnCTA":{"jsonValue":{"value":[]}},"rightColumnText":{"jsonValue":{"value":""}},"rightColumnCTA":{"jsonValue":{"value":[]}},"readMoreLink":{"jsonValue":{"value":{"href":""}}}},"inlineModules":{"exhibit":{"results":[]},"image":{"results":[]},"audio":{"results":[]},"disruptor1up":{"results":[]},"ceros":{"results":[]},"exhibitcarousel":{"results":[]},"pullquote":{"results":[]},"disruptorsignup":{"results":[]},"articlesidebar":{"results":[]},"video":{"results":[]},"factoid":{"results":[]}}}}},{"uid":"93acb5d4-f257-42bc-8c4c-712b65ebdd5a","componentName":"TwoUpSmall","dataSource":"{D733BC92-4A1E-42B7-B844-720A588C9292}","params":{"Section-Title-Header-DekAlignment":"{\"Key\":{\"value\":\"Center\"},\"Value\":{\"value\":\"section-header--centered\"}}","Background Color":"{\"Key\":{\"value\":\"White\"},\"Value\":{\"value\":\"white\"}}","Gradient Direction":"{\"Key\":{\"value\":\"Top Right\"},\"Value\":{\"value\":\"top-right\"}}"},"fields":{"data":{"datasource":{"sectionDek":{"jsonValue":{"value":""}},"sectionTitle":{"jsonValue":{"value":"Related articles"}},"sectionHeader":{"jsonValue":{"value":""}},"readMoreLink":{"url":"","linkType":"internal","className":"","text":"","target":"","name":"Read More Link","queryString":"","anchor":""},"manualSelection":{"targetItems":[{"id":"9535D7D478D248589FF76A981B728CD3","displayName":"The Iberian Industry and Energy Transition Initiative EN","url":{"path":"/featured-insights/the-iberian-industry-and-energy-transition-initiative-en"},"description":{"jsonValue":{"value":"Driving sustainable growth and development in Spain and Portugal"}},"displayDate":{"value":"0001-01-01T12:00:00Z"},"displayDateBlog":null,"title":{"jsonValue":{"value":"The Iberian Industry and Energy Transition Initiative"}},"eyebrow":null,"callToActionLinks":null,"contentType":{"jsonValue":{"name":"Article","displayName":"Article","id":"{91CFE105-8DAD-437C-8734-3D740DCDB437}","fields":{}}},"articleType":null,"sourcePublication":null,"publicationSource":null,"videoId":null,"template":{"id":"85FF05307883480F9A4C82123F72FFD8"},"genericItemUrl":null,"standardImage":{"src":"/~/media/mckinsey/business functions/sustainability/how we help clients/industry and energy transition initiative/industry-and-energy-transition-initiative_1536x1536.jpg","alt":"Digital generated image of multiple environmental rectangular cross sections with different types of energy supply. 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