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The Intergovernmental Panel on Climate Change (IPCC) painted a bleak picture in its Sixth Synthesis Report on climate change: the window of opportunity to achieve the goals of the Paris Agreement is continuing to close.
The average social welfare in OECD countries would have decreased by 1.9% during the past decade if the damages caused by CO2 emissions had been internalized. Nevertheless, a net intertemporal gain could have been achieved by preventing the most severe future outcomes of global warming, which entail a substantial cost.
The world is now facing the biggest energy crisis of the last 40 years, making it hard to make any meaningful progress on climate legislation in the European Union (EU).
In the current global socio-economic context, and especially after the COVID-19 crisis, digitization and sustainability have become key elements of economic and social transformation, being particularly relevant to understand and analyze how bo…
The actual socioeconomic context has reinforced and accelerated a number of global trends, in particular sustainability and digitalization, two of the most disruptive. The empirical study conducted by BBVA Research suggests that an inverted U-s…
This note proposes a path to shore up the measurement of the carbon footprint of the representative household of an economy, enhancing traditional macroeconomic analysis and with the use of Big Data in order to obtain real time outcomes and insights into the impact of the lifestyle of different households.
Green inflation is the acceleration of consumer prices triggered by the increase in the price of products linked to the transition to a carbon-free economy, both those to be discontinued and those to be enhanced.
The development of sustainable finance is gathering pace, driven by a strong appetite from investors and a high level of ambition in climate policies. However, it is not enough for the investment needed for the energy transition, which requires…
COP26 will be held in the city of Glasgow, United Kingdom, from October 31 to November 12, 2021. The two possible major topics will be: 1) Greenhouse Gas (GHG) Emissions, and 2) Transition and promotion of cleaner and renewable energy sources.
We are just days away from COP26. According to its Nationally Determined Contribution (NDC), it is estimated that Mexico emitted 804 million metric tons of CO2e in 2020. As a signatory to the Paris Agreement, Mexico commits to reduce its Greenh…
The European Union has announced that it will issue up to 250 billion euros in green bonds over five years to fund "Next Generation EU" projects with a positive environmental impact.
The recovery in private consumption will gain momentum as vaccination progresses, the EU recovery package (NGEU) starts to boost demand and households consolidate the absorption of excess savings. Consumer spending will grow by 6.1% in 2021 and 6.8% in 2022.
