But when electricity generators cut emissions under the renewables programme, they end up with more ETS allowances than they need.
"There is no legal security in Spain," he complains.Mr Miralda is the victim of a bungled, overambitious renewables programme.
"We have been roadkill in the government's downsizing of its renewables programme," says 2OC chief executive Andrew Mercer.
The 100% renewables programme was launched in 2012 with the aim to transform the energy supply in the city of Kasese and the surrounding district.
According to Arunabha Ghosh, founder of the Council for Energy, Environment and Water, "The government is already spending on combating the adverse effects of climate change through its renewables programme.
According to the World Bank, better operations and the closure of clapped-out plants helped to push the average thermal efficiency of its coal-fired power stations from 31% in 2000 to 37% in 2010; America's remained flat, at 33%.The other big energy change is China's vast renewables programme.
But it increases the effective supply of permits, which pushes down the price now languishing at around €5 a tonne, while companies are cutting emissions at a cost of over €150 a tonne under the renewables programme.Given that many of Europe's economies are so weak, it is tempting to say: abandon these failed policies and give up trying to restrict emissions.
A European super-grid and coordinated renewables programme, building on Danish surpluses and German ambition, British technology and Austrian rigour, to turn itself into the Star Trek continent, running on limitless free energy, boldly going where no state has gone before.
It introduces interventionist methods aiming to promote a nuclear power construction programme, a streamlined renewables programmes and a system to ensure that generation capacity is built to cope with variability in electricity output.
Secondly, a strong renewable energy programme with 40% of its electricity from non-fossil fuels by 2030.
