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In the face of unequivocal evidence of climate change, the challenge is to decouple economic development from greenhouse gas emissions with more ambitious policies aimed at achieving a socially just transition by internalizing the costs of emissions and promoting green innovation and private investment.
Batteries are a vital component of the global energy system, playing a pivotal role in two key sectors for the transition: transport and energy.
Batteries will be pivotal in steering the global energy system towards a net zero emissions scenario. Meeting targets will hinge on whether the world can scale up batteries fast enough.
This Working Paper contributes to the existing literature by examining the welfare implications of degrowth. We use an environmental Dynamic General Equilibrium (eDGE) model, calibrated to replicate the most relevant macroeconomic and environme…
With investments in green technologies, the involvement of financial institutions, public-private partnerships, efficient and well-designed public policies, and a sound and coherent regulatory framework that provides certainty, we can move towa…
Countries that expand their climate policy portfolio exhibit higher climate change mitigation patent filings, low carbon technology trade flows, and green foreign direct investment flows. The coordination and cooperation of international policies is also relevant, showcasing evidence of potential climate policy spillovers.
The intensity of GHG emissions in scope 3 of the sectors of activity of the Spanish economy, estimated by BBVA Research with input-output analysis, generally maintains a downward trend, with notable advances in intensive sectors subject to the EU Emissions Trading System (EU ETS).
In 2022, Spain’s greenhouse gases (GHG) emissions increased due to the post-pandemic recovery and a more carbon-intensive energy mix. The sectoral analysis shows progress in emissions intensity, particularly in the most polluting activities, al…
This Working Paper proposes a dynamic equilibrium model to study the transition to a decarbonized economy, the interaction between technology and fiscal policy, and its macroeconomic and well-being effects.
For a successful transition to a decarbonized economy, public policies must be aligned so that the private sector can multiply its positive impact through the incentive of economic profitability.
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.
In recent years, public policies to foster decarbonization have become cornerstones of the political agenda in the US and Europe, with the aim not only of achieving decarbonization but also of ensuring energy security and driving short- and long-term economic growth.
