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September 9, 2024

Global | Decarbonization? The key is the cost of capital

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.

June 11, 2024

Europe | "Net zero" industry to become more competitive

The European Union (EU) has resolved to achieve climate neutrality by 2050 and, in order to do so, has established an ambitious and decisive strategy whose effects are already beginning to be felt.

March 6, 2024

Spain | More climate ambition than concrete action

The transition to a low-emission economy not only represents an opportunity for the transformation of the Spanish economy and society, but has become a priority on the national agenda. However, a more effective approach will be necessary to achieve the targets set.

December 18, 2023

Spain | What does carbon footprint tell us?

Human economic activity generates greenhouse gas (GHG) emissions that change climate and hurt biodiversity, affecting the well-being of society and the free-market system to the most limited extent.

November 27, 2023

Global | The wolf is at the door (again)!

Climate Change United Nations issues a fresh set of climate warnings: the commitments made under the Paris Agreement are not enough to decarbonize the economy. Simply warning about the risks is not enough.

April 5, 2023

Global | Social Welfare and the Social Cost of Carbon

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.

June 27, 2022

Europe | Energy crisis and carbon pricing

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).

June 13, 2022

Global | Digitize to decarbonize

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 both interact.

May 26, 2022

Global | How do digitalization and decarbonization efforts interact?

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-shaped relationship exists between digitalization and CO2 emissions.

May 24, 2022

Big Data techniques used

Spain | Households’ CO2 Footprint: Enhancing Measurement, Economic Analysis and Big Data

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.

March 7, 2022

Global | Green inflation? Nope, brown price hikes

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.