Margarita Delgado: Decarbonising the economy

Opening address by Ms Margarita Delgado, Deputy Governor of the Bank of Spain, at the Decarbonising the Economy Forum, organized by El Confidencial and Acciona, Madrid, 31 October 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Good morning. Let me thank the digital daily newspaper El Confidencial and Acciona for its kind invitation to me to open this forum on decarbonising the economy.

Introduction

Evidently, the consequences arising from climate change, associated with global warming, have in recent years come to the forefront of society's main concerns. It is a transversal concern that is translating into initiatives ranging from the most supranational scope possible down to the most local level.

To offer a specific example, we can see every day in the newspaper headlines how matters such as the quality of the air we breathe in cities are polarising much of the political debate, mainly at the municipal level but also regionally and even nationwide.