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Published on Monday, September 8, 2025

Global | Changing climate change

Summary

The insufficient ambition and lack of implementation of the climate commitments made at the COPs, in a context of weakened multilateralism, make it reasonable to consider alternative, more pragmatic avenues for advancing the fight against climate change.

Key points

  • Key points:
  • In 2025, evidence of climate change is intensifying: more severe heatwaves, altered rainfall patterns, and persistent droughts. COP30 aims to advance both decarbonization and adaptation.
  • Despite the COP28 pledge to triple renewable capacity by 2030, national targets point only to a doubling, with no progress since 2023—casting doubt on the COP’s effectivenes
  • Multilateralism is weakening: the U.S. withdrew from the Paris Agreement and questions the scientific consensus, favoring fossil fuels in a direction opposite to much of the world.
  • The experience of COPs highlights the need for pragmatism: achieving specific progress among committed countries, sectors, or firms, driven by resilience, profitability, and innovation.

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Press article (PDF)

Changing climate change

Spanish - September 8, 2025

Authors

JC
Julián Cubero BBVA Research - Lead Economist
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