Spain is expected to be one of the EU countries suffering more from global warming. Public opinion has been deeply concerned for a long time, but government action in aligning financial flows with investment goals compatible with the Paris Agreement has recently increased. This chapter reviews recent laws in Spain connected to sustainable finance and the reports that Spanish financial supervisors have published on this topic. The main challenges observable in Spain are discussed, together with some areas for further development, such as aligning taxation in the financial industry with sustainability.

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Spain: Advances and Remaining Challenges in Sustainable Finance

  • Mikel Larreina,
  • Estibaliz Goicoechea

摘要

Spain is expected to be one of the EU countries suffering more from global warming. Public opinion has been deeply concerned for a long time, but government action in aligning financial flows with investment goals compatible with the Paris Agreement has recently increased. This chapter reviews recent laws in Spain connected to sustainable finance and the reports that Spanish financial supervisors have published on this topic. The main challenges observable in Spain are discussed, together with some areas for further development, such as aligning taxation in the financial industry with sustainability.