On January 30, 2026, in Palma, Deputy Governor of Banco de España addressed the intersection of climate change and the tourism sector’s impact on financial stability. The speech highlighted how climate change poses significant risks to tourism, a critical economic sector, and emphasized the need for financial institutions to assess and mitigate these risks. The Deputy Governor underscored the importance of integrating climate resilience into financial planning to safeguard economic stability. The discussion included potential vulnerabilities in tourism-dependent economies and the role of regulatory frameworks in promoting sustainable practices. The speech concluded with a call for collaborative efforts between policymakers and the financial sector to address climate-related challenges proactively. The document outlines key considerations for maintaining financial stability amid environmental transitions.
© Banco de España 2009.
Summary adapted from material on the Banco de España website (https://www.bde.es ).
https://www.bde.es/wbe/en/noticias-eventos/actualidad-banco-espana/intervenciones-publicas/subgobernadora-el-turismo-frente-al-cambio-climatico-implicaciones-para-la-estabilidad-financiera.html
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