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Published on Thursday, July 3, 2025

Europe | Towards Effective Water Resilience in Europe and Spain

Summary

Spain and Europe face critical water resilience challenges due to climate threats, requiring strategic investments and policy actions to safeguard ecosystems, promote economic opportunities, and ensure long-term water supply sustainability.

Key points

  • Key points:
  • Climate threats and vulnerability: Climate change significantly impacts water availability in Europe, exacerbating floods, droughts, heatwaves, and wildfires, particularly in vulnerable areas such as various Spanish regions.
  • Economic opportunities and competitiveness: Strengthening water resilience offers an economic advantage achievable through efficiency gains in sectors with high water demand, such as agriculture.
  • Policy and technological solutions: Effective water management strategies, increased digitalization, targeted research, infrastructure renewal, and strengthened governance are essential to addressing water scarcity and ensuring long-term socioeconomic stability.
  • Investment gap: Both the EU and Spain face substantial investment gaps in achieving water resilience, with Spain requiring approximately €6 billion annually—three times its current public spending level.

Geographies

Topics

Documents and files

Report (PDF)

2025 06 One pager Water Adaptation_edi

English - July 3, 2025

Authors

JC
Julián Cubero BBVA Research - Lead Economist
VM
Virginia Marcos Herreros BBVA Research - Principal Economist
LM
Laura Martínez Gálvez BBVA Research - Economist
PM
Pilar Más Rodríguez BBVA Research - Principal Economist
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