Publications

The House-passed budget, now before the Senate, backs fossil-fuel expansion over renewables. If this approach continues, U.S. decarbonization will likely slow, but it should not stop because of the economic rationale of the green transition.

In this global scenario where very little is certain, the transition to a decarbonized economy is also being called into question. The US decoupling in climate policies and the promotion of renewable energy seems clear.

The geoeconomic fragmentation triggered by geopolitical concerns makes climate transitions more vulnerable, for example in the EU, which depends on politically distant suppliers of decarbonization inputs, or in emerging economies, which rely on external flows of sustainable finance.

Green skills account for 4% of employment in Spain between 2015 and 2024, in line with the EU-27 average. However, the profile of workers with green skills varies by skill type. Those with knowledge in renewable energy or environmental policies tend to be younger and more educated.

This study investigates how much the growing penetration of low-marginal-cost renewables contributes to lowering prices, and whether a ‘merit-order effect’ could limit the further expansion of renewable energy in Spain.

Climate scenarios can be clustered by temperature goals and ranked by the feasibility of the policies to achieve them. Under current commitments, scenarios projecting a 2.3°C–3.0°C temperature increase are the most plausible; more ambitious targets require policy shifts -and breakthrough innovation- that are less likely.

Draghi's report regarding energy and climate presents a "joint decarbonisation and competitiveness plan”. The challenges are immense, but so are the opportunities.

Estimates of the expenditure needed to decarbonize the economy reach trillions of euros but vary significantly depending on which items are included and under which assumptions.