This share prices have a 15 minute delay and are shown in the local time of the market in which the quote is displayed.
COP28, an opportunity to gain back some lost credibility
Bruegel analyses the most relevant points to be discussed at the 28th Conference of the Parties (COP28) on climate change and what issues should be considered to be able to assess its success. According to the article, although it will be difficult to please all parties, COP 28 is a great opportunity for the countries of the North to recover some of the credibility lost in the eyes of the countries of the South after Covid and the energy crisis.
According to Bruegel, the following points would be relevant to assess the outcome of COP 28, which is being held for the first time in an OPEC member country, Dubai, which has generated some fears of green washing and conflict of interest:
- Greater ambition on decarbonisation targets for 2030: It will be key to get countries to increase their ambition on decarbonisation plans.
- Fossil fuels: There will be pressure to reach an agreement to phase out fossil fuel use and limit it to certain sectors and to increase energy efficiency targets by 2030.
- Climate finance: According to the article several issues will be on the agenda in this block, for example: Reaching the $100 billion a year target for climate finance for developing countries by rich countries (the ones that have caused the most of the problem of excess GHG emissions) to meet climate targets, and approving a new agreement that includes more direct non-refundable aid will be on the agenda. Also, the reform of the Multilateral Development Banks is likely to be in the spotlight with discussions on risk-sharing strategies and how to mobilise more private finance.
- Food and agriculture sectors: They will receive a lot of attention to boost their decarbonization as they have been a lagging sector so far, even though they have been the most vulnerable to decarbonisation.
Filter results
According to the OECD. SMEs and start-ups that grow rapidly contribute significantly to job creation, economic growth and competitiveness. Indeed, SMEs that grow by one-third over a three-year period, contribute about as much to job creation as large firms.
According to @McKinsey, banks must prepare for a new growth curve. Strategic precision —the ability to combine technology, capital discipline, and deep customer insight— will distinguish the leaders from the laggards.
According to Kristalina Georgeva IMF Managing Director, lifting growth requires three things: one, regulatory housecleaning to unleash private enterprise; two, deeper regional integration; and three, preparedness to harness AI.
According to The European House – Ambrosetti, the European Union has an opportunity to boost competitiveness and growth by simplifying regulatory and supervisory frameworks, particularly in the areas of sustainability and the financial sector.
According to Ramón Casilda Béjar, Spain, in today’s complex geopolitical landscape, has the opportunity to strengthen its role as a bridge and connecting country between Ibero-America and the European Union, revitalizing investment flows in both directions.
According to @ECB, in moments of acute stress, the public often turns to physical currency as a reliable store of value and a resilient means of payment, underscoring the crucial role it plays above and beyond everyday transactional convenience
According to Juan S. Mora-Sanguinetti, in Spain a 10% increase in regulatory volume leads to a 0.5% drop in employment in companies with fewer than 10 employees.
According to Hélène Rey “In a world where stablecoins, particularly those pegged to the dollar, become an important global payment tool, we must brace ourselves for substantial consequences”.
@judith_arnal proposes reforms for the EU to advance regulatory simplification, starting with consensus on its meaning, with competitiveness as a pillar, plus coordination mechanisms and a governance rethink.
According to @iee_org, Spain has one of the most demanding tax environments for businesses within the European and international context, which may have significant implications for competitiveness, foreign investment attraction, and business expansion.
According to Christine Lagarde for the euro to gain in status, Europe must take decisive steps by completing the single market, reducing regulatory burdens and building a robust capital markets union.
According to the Bank of Spain, in a context of strong growth in transactions and prices, the conditions under which new mortgage loans are granted currently show no signs of easing in lending standards.