We highlight two relevant news of July 2022 that drew attention especially in Spain.
The first news to highlight is that the European Central Bank estimates in 70,000 million the losses of large banks in a climate crisis, the study was conducted on 41 banks and concluded that it does not have robust frameworks for climate risk stress tests. It was also concluded that two thirds of the banks’ revenues come from greenhouse gas emission-intensive industries.
On the other hand, a news item that attracted a lot of attention was the publication of Mario Picazo, the most remarkable was his prediction, which is that we will reach 50 degrees in Spain by 2030. This implies a huge rise in temperature.
Links:
https://cincodias.elpais.com/cincodias/2022/07/08/companias/1657267449_669792.html#:~:text=El%20Banco%20Central%20Europeo%20(BCE,a%C3%B1os%20debido%20al%20cambio%20clim%C3%A1tico
https://as.com/actualidad/mario-picazo-pronostica-que-sucedera-en-espana-antes-de-2030-n/?outputType=amp