Sustainable Development

Sustainable Development latest publications

January 17, 2022

Spain | Green taxation to fight climate change

There is evidence that climate change is largely caused by human action: greenhouse gases emissions into the atmosphere are the main cause of global warming.

January 14, 2022

Spain | Taxation as a climate action tool

Taxation is a key tool for climate action and helps society achieve its decarbonization goals. Environmental taxation in Spain needs far-reaching reform, with taxable activities and rates that reflect the true extent of the negative externalities to be corrected.

January 10, 2022

Global | Don’t look up, look around

2021 brought us the scientific certainty that climate change cannot be explained without human intervention. We can no longer look up as if we were not to blame. Ambitious calls for climate action from governments and multilateral agencies are a sign, but there needs to be a follow-through.

December 28, 2021

Global | The contribution of sustainable finance to the transition to a low-carbon economy

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 removing the existing obstacles with decisive measures.

December 3, 2021

Climate Objectives in Central Banks’ Funding Operations: how close to Green TLTROs?

Refinancing operations are a core monetary policy tool to provide liquidity for credit institutions. Recently, some central banks, such as the Bank of Japan (BoJ), have started to align their objectives with the goal of a transition to a low-carbon economy, linking its monetary policy to climate change objectives

November 15, 2021

Global | A cold shower in Glasgow

COP26 has now ended and the assessment about what it has achieved is mixed — positive for the commitments obtained, but negative because they are still not enough. The Paris Agreement's goal of limiting the rise in global temperature to 1.5ºC has not been met and it is far from certain that it will be achieved.

November 15, 2021

China | Understanding China's new growth model

We analyze and clarify the market misperceptions on the "three pillars" of China's new growth model: common prosperity, self-sufficient technology under "dual circulation" strategy and carbon neutrality. We also identify winners and losers of the sectors under the new policy paradigm.

October 27, 2021

Mexico | Towards COP26 (Glasgow) ...

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.