climate action

Climate changes risks

No European Bank Meets The ECB’s Expectations On Climate Risk Reporting

Fernando Rodríguez | “Although there have been improvements since the first assessment at the end of 2020, no bank fully meets supervisory expectations” on environmental and climate risk reporting, according to the latest report of the European Central Bank (ECB) with data analyzed as of November 2021 on 109 entities under direct supervision. Although more than 70% of banks provide information on how their boards of directors monitor these risks…


Our Green Future: Is It All About the Money?

Oliver Matikainen | Finance has always been a key issue at the UN’s Conferences of the Parties, and a sticky one at that. In this sense, COP26, held in Glasgow, Scotland, in November, was no different. Climate finance is key because it cuts across all other issues. One of the big things to come out of COP26 was the Glasgow Financial Alliance for Net Zero, that aims to align private capital with science-based targets to finance the investment in a net-zero economy.

germany floods

Extreme Weather Events In Europe Caused An Estimated Economic Cost Of 446 € Bn (3% Of GDP In 2019)

This week, awareness of climate change and its consequences hits harder than ever before thanks to COP26. While European countries have arguably started to take climate considerations into account in their budgets, there is still a long way to go. Here is an interesting analysis by the rating agency Scope on the costs and consequences of climate change for countries, their economies and their sovereign ratings, including Spain.

Cambio Climatico Economia 746x419

Some Like It Hot – The True Beneficiaries Of Global Warming

Stephan Eugster (Vontobel) | The energy requirements of the building sector for indoor climate control are increasingly becoming the focus of European sustainability efforts. Companies that can supply energy-efficient heating and cooling solutions for buildings will be able to benefit from this new push by the EU. The Swedish company NIBE is one of the pioneers in this field. The company’s “Climate Solutions” division, of which heat pumps are a part, accounts for 74% of the company’s revenues.


Action against climate change: too many ambiguities

Miguel Navascués | Everyone talks ever more passionately demanding that climate change be slowed by changing from energy based on oil and gas to one that does not produce CO2. But no-one explains if technological change will really allow this to happen in time.


Green economy

Green New Deal: Spaniards behind the EU global green struggle (III)

Alexandre Mato (Brussels) | At a time when in the US the young Congress woman Alexandria Ocasio-Cortez supports a green New Deal as “an umbrella for a combination of policies and programmes which moves America away from fossil fuels and causes the country to slow the climate crisis”, in the words of Varshini Prakash, co-founder of the Sunrise Movement, an organisation driving this economic policy, the EU is taking firm steps in the ecological transition.