Banco de España Blog

Using a simple format and plain language, the Banco de España Blog seeks to make our work more accessible to the general public. It allows us to share our analysis of economic and financial issues and the ins and outs of the Banco de España’s tasks and activities with all those keen to learn more.

The Blog series group together posts covering certain similar topics. Further down is a general listing of all Blog posts, with a search function to help readers find the posts they are interested in.

 

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Sovereign bonds, climate change and investment: what do the metrics say?

Series: Focus. Research blog

29/09/2026 Mercedes de Luis and Clara I. González

Climate change now plays a role in investment decisions. More and more investors are considering the environmental impact of the assets they buy. Government debt securities are no exception. Find out what a sovereign bond’s carbon footprint is, how it is calculated and why it matters.

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25 results found with the selected filters

homeylistadoingles

29/09/2026

Sovereign bonds, climate change and investment: what do the metrics say? Series: Focus. Research blog

Mercedes de Luis and Clara I. González

Climate change now plays a role in investment decisions. More and more investors are considering the environmental impact of the assets they buy. Government debt securities are no exception. Find out what a sovereign bond’s carbon footprint is, how it is calculated and why it matters.

Climate change and green transition

Niño

10/06/2026

How the weather affects your grocery bill: the case of El Niño and La Niña

Lucía Cuadro Sáez and Corinna Ghirelli

What can Pacific Ocean temperatures possibly have to do with your grocery bill? Much more than you might expect. Extreme weather events, such as El Niño and La Niña, in distant parts of the world affect the prices of what we eat and drink every day, like bread and coffee. And now another El Niño is brewing.

Climate change and green transition

imagen capitulo 29

05/06/2026

Sustainability: the Bank steps up Series: Sustainability, Inside the Bank

Victoria Díaz , Alicia de Quinto , Damián Gemeno , Miguel Ángel Peña and Rubén Ortuño

For years, we’ve talked about sustainability as if it were a label – something to earn and then build a story around. But what if it’s much more than that? What if it’s actually a strategic asset that can create value, boost efficiency and future-proof an institution?

Climate change and green transition

ANIVERSARIO DANA

28/10/2025

The flash floods in Spain, one year on: the economic impact of a natural disaster

Iván Kataryniuk and Alejandro Fernández

Natural disasters like the Valencia floods bring economic activity to a standstill. The reconstruction effort is helping GDP recover and replacing damaged assets with more productive capital may boost growth. But the heavy losses in the stock of wealth and capital could have a lasting negative effect on GDP growth in the region.

Climate change and green transition

Subhome

05/09/2025

Desertification and wildfires in Spain. The impact of climate change on bank lending

Laura Álvarez , Carmen Broto , Olivier Hubert and Sergio Mayordomo

Desertification and the greater severity and frequency of wildfires pose a major climate risk for Spain. Together they can affect economic activity and also bank lending and financial stability. Conducting rigorous research on these issues allows us to understand their financial risk and helps us mitigate it.

Climate change and green transition