Publications

NGFS’s new five-year climate scenarios help gauge near-term transition and physical risks, adding compound-hazard modelling and macro-financial feedbacks, but they retain some outdated narratives and overlook recent policy decoupling, limiting realism.

The images of the floods that hit Valencia last October are still fresh in the collective memory. BBVA Research has developed an analytical framework to make the most of the available information and quantitatively assess both the impact and recovery after a climate disaster.

The weight of green skills (i.e. green intensity) in Spain reached 4% in the period 2015-2024, in line with the EU-27 average. The profile of workers with green competences varies by skill type. Those with knowledge in renewable energy or environmental policies tend to be younger and more educated.

Narratives play a crucial role in decision-making. As political polarization shapes public opinion, the challenge lies in crafting transformative climate change narratives that are grounded in scientific knowledge, bridge ideological divides, and mobilize effective policies.

One month after DANA (week from November 26 to December 2), the majority of indicators in the province of Valencia show a similar evolution to that observed in the rest of Spain, highlighting the acceleration shown in spending by foreigners, car registrations and the most affected municipalities.

On November 24, two days later than initially planned, COP29 came to a close. Simon Stiell, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC) acknowledged that the final decisions have not satisfied all parties.

Spending in the province of Valencia rebounded during the week of November 19 to 25. The growth differential with the rest of Spain became positive in most indicators, although the most affected municipalities still show significant falls.

Observing the performance of the economy in real time and at high granularity is vital to quickly measure the economic impact of an exceptional event such as the recent DANA that has left a lasting impact in our country, especially in Valencia.