Publications

COP30 brought modest but real advances in adaptation, finance and just transition, despite failing to close the ambition gap or add enforcement. Systemic inertia persists, yet Brazil’s leadership in forest finance and new trade-climate items offers a positive signal.

The balance on non-oil-related goods showed a surplus of USD 2,289 million in 3Q25 after having posted a surplus of USD 8,893 million in the second quarter.

Catalonia will maintain solid growth of 3.1% in 2025 despite the European slowdown, supported by investment, job creation, and easing inflation.

We present a summary and analysis of the most relevant developments and publications in Mexico's financial regulatory landscape.

Revenues from the EU Emissions Trading System (EU ETS) are a fiscal resource available for climate action and the energy transition. By allocating 25% of the expected 2030 revenues to cleantech (€1.1–2.4 billion) and attracting private investment, Spain would strengthen its industrial capacity and competitiveness.

In 2025, the automotive sector is accelerating its sales momentum, with strong growth in utility vehicles and in hybrid and electric models. Greater household purchasing power and a more appreciated exchange rate, among other supportive factors, sustain this trend and will keep driving sales in 2025 and 2026.

The BBVA Research Big Data Consumption Indicator reported a 1.8% MoM increase in October, boosted by a strong performance in the services segment (+5.9% MoM).