Publications

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 a context marked by the absence of the U.S. and geopolitical divisions, COP30 seeks to move from ambition to measurable action, with concrete progress on national climate goals, financing, forest conservation, climate adaptation, and international carbon markets.

This presentation analyzes forecasts and recent developments related to the global economy, as well as other issues such as geopolitics, the US dollar and the new global financial architecture, defense in Europe, and GenAI, employment, and productivity.

Carbon capture and storage (CCS) encompasses various technologies, making it difficult to estimate an average cost that should decline with proper incentives and scale. Moreover, as carbon emissions become more expensive, the economic breakeven point approaches and social returns increase.

This paper presents a methodological framework to quantify the economic impact of natural disasters. It estimates a damage function and measures employment effects using a dynamic spatial model. The 2024 DANA in Valencia validates the approach and highlights the importance of both location and compensation mechanisms.

The IOSCO 2025 presentation examines how geopolitical tensions, institutional weakening, aging, climate change, and technological innovations (AI and quantum) interact, amplifying risks and shaping a more unstable global environment.

The study estimates the employment effects of utility-scale solar and wind installations in Spain using microdata and local projection methods. Results show significant job creation, varying by phase, plant size, education, and technology, with notable spillovers to economically linked provinces.