Spain's transition to cleaner energy could bring more notable risks to sectors with higher CO2 emissions, such as transport, manufacturing and agriculture, though any impact on banks would be moderate in the short run, the Bank of Spain said.
In an analysis of how increasing prices of CO2 emission rights can affect the banking sector, the central bank said on Wednesday that, on average, they would have a moderate impact on the credit quality of corporate loans.
At a time when European leaders are working on plans to accelerate the bloc's green transition, Bank of Spain chief economist Angel Gavilan also said there was a need to create internationally comparable standards to pursue this goal.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge warns North Korea could murder U.S. Marine vet in SpainFederal judge says she hopes a higher court intervenes in extradition of U.S. Marine veteran because she fears North Korea might kill the man if he leaves the U.S.
Read more »
A new top 10 Netflix series from Spain traps teen influencers on an island'Welcome to Eden,' a new Netflix series that debuted on May 6, is about a group of influencers at a Fyre Fest-style island party.
Read more »
‘The Crown’ Duo Left Bank & Netflix Set Sean Teale As Male Lead For Spain-Set Thriller Series ‘Palomino’EXCLUSIVE: The Crown duo Left Bank Pictures and Netflix have set Little Voice, The Gifted and Reign star Sean Teale as male lead in their new Spain-set series Palomino (working title, which will li…
Read more »
Al Jazeera Reporter Killed During Israeli Military Raid in West Bank CityPalestinian officials blamed Israeli forces for Shireen Abu Akleh’s killing while an Israeli military spokesman said she was likely killed by sporadic gunfire from Palestinian militants.
Read more »
Al-Jazeera journalist fatally shot while covering raids in West Bank, outlet saysBREAKING: Al-Jazeera journalist fatally shot while covering Israeli raids in the city of Jenin in the occupied West Bank, the outlet reports citing the Palestinian health ministry.
Read more »
ECB’s Muller: Central bank could outline rate hike plan for coming months in JuneECB could outline future rate expectations already at June policy meeting. APP should end early July or a few weeks earlier; rate hike must not be far
Read more »