Raw: [
BBVA Chair Carlos Torres Vila advocated for “involving the end consumer in the energy transition” in order to step up decarbonization. Speaking on a panel at the Davos meeting hosted…
The post BBVA’s Carlos Torres Vila Urges Consumer Involvement in Energy Transition at Davos appeared first on ESG News.
]
BBVA's Carlos Torres Vila Urges Consumer Involvement in Energy Transition at Davos – ESG News
LOADING
ESG News
ESG Business
Sustainability
Technology
Infrastructure
ESG Reporting
ESG Standards
Environmental
Government
Diversity, Equity & Inclusion
ESG Investing
Sustainable Finance
ESG Funds
Digital Assets
ESG Lifestyle
ESG Events
Upcoming Event List
International
ESG Europe
ESG Asia
ESG India
ESG Russia
ESG Middle East
ESG Japan
ESG Canada
ESG Latin America
ESG United Kingdom
Videos
Force For Good
Greenwich Economic Forum
UN Global Compact Leaders Summit 2022
Blockchain for Europe
UNCTAD Sustainable Stock Exchange Initiative
Humanity 2.0
World Economic Forum
Caspian Week
Converge2Xcelerate
International WELL Building Institute
EarthX
Type to search
ESG NewsESG Business
SustainabilityTechnologyInfrastructureESG ReportingESG StandardsEnvironmentalGovernmentDiversity, Equity & Inclusion
FigBytes Included in Sustainability Management Software Report
ESG News
January 16, 2024
Tim Mohin: ESG ON FIRE
Tim Mohin
January 12, 2024
Fashion’s Ethical Makeover: 2024 Unveils Wardrobe Transparency Revolution
Jaclyn Noble
January 12, 2024
Samsung’s Eco-Innovations Shine at CES 2024’s Sustainability Zone
ESG News
January 12, 2024
FigBytes Included in Sustainability Management Software Report
ESG News
January 16, 2024
CES 2024 Las Vegas Shows Climate-Friendly Tech Is Going Mainstream
ESG News
January 16, 2024
PwC CEO Survey: Climate Concerns Drive Transformation Agenda
ESG News
January 16, 2024
Samsung’s Eco-Innovations Shine at CES 2024’s Sustainability Zone
ESG News
January 12, 2024
First Movers Coalition Drives $16B Demand for Climate Tech with 120 Commitments
ESG News
January 16, 2024
ScottishPower’s Historic £5.4 Billion Boost for UK’s Green Energy Transition
ESG News
January 15, 2024
BlackRock Acquires World Leading Infrastructure Investment Platform Global Infrastructure Partners (GIP) for $12.5 Billion
ESG News
January 12, 2024
GreenIT and Galileo Partner on 140 MW Solar PV Projects to Boost Renewable Energy in Italy
ESG News
January 9, 2024
London’s Climate Crisis: Interim Report Reveals Urgent Need for Action
ESG News
January 17, 2024
FigBytes Included in Sustainability Management Software Report
ESG News
January 16, 2024
PwC CEO Survey: Climate Concerns Drive Transformation Agenda
ESG News
January 16, 2024
World Economic Forum Report Finds: 10 Measures to Close the Emissions Reduction Gap
ESG News
January 15, 2024
Schneider Electric Tops ESG Rankings for 13th Year
ESG News
January 18, 2024
Investor Revolt at Shell: $4 Trillion in Assets Push for Stricter Emissions Targets
ESG News
January 17, 2024
Bezos Earth Fund Launches $1M Prize for Greenhouse Gas Removal Innovations
ESG News
January 12, 2024
IEA Highlights Major Leap in Renewable Energy, Edging Closer to COP28 Targets
ESG News
January 11, 2024
EU Passport for Inclusion: Disability Card Smooths Travel Obstacles
ESG News
January 11, 2024
EOA Foundation: Uniting for Sustainable Development and Global Impact
ESG News
January 2, 2024
American Express Commits $12.75M in Grants to Aid Small Businesses in Climate Resilience and Disaster Recovery
ESG News
December 26, 2023
Trip.com’s Green Revolution: 16 Million Choose Sustainable Travel in ESG Report
ESG News
December 15, 2023
ESG Investing
Sustainable Finance ESG Funds Digital AssetsESG LifestyleESG Events
Upcoming Event ListInternational
ESG Europe ESG Asia ESG India ESG Russia ESG Middle East ESG Japan ESG Canada ESG Latin America ESG United KingdomVideos
Force For Good Greenwich Economic Forum UN Global Compact Leaders Summit 2022 Blockchain for Europe UNCTAD Sustainable Stock Exchange Initiative Humanity 2.0 World Economic Forum Caspian Week Converge2Xcelerate International WELL Building Institute EarthX
Get Breaking ESG News Alerts
Daily Newsletter
Join Now
videocam
Latest News
Seven simple questions
Help us improve your experience, delivering more of what you want
ESG Survey
Seven simple questions – Help us improve your experience, delivering more of what you want!
BBVA’s Carlos Torres Vila Urges Consumer Involvement in Energy Transition at Davos
DAVOS 2024
/
Energy Transition
/
Sustainable Finance
/
World Economic Forum
/
BBVA’s Carlos Torres Vila Urges Consumer Involvement in Energy Transition at Davos
by ESG News
•
January 18, 2024
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Listen to this story:
BBVA Chair Carlos Torres Vila advocated for “involving the end consumer in the energy transition” in order to step up decarbonization. Speaking on a panel at the Davos meeting hosted by the World Economic Forum (WEF), he called for “coherent and consistent policies” that go beyond the supply side to encourage consumers themselves to contribute to this transition.
Carlos Torres Vila pointed out that it is necessary to step up public policy on decarbonization. In his view, “current regulations focus too much on the supply side, seemingly forgetting that it is end users that drive emissions.” To spur the development of low-carbon technologies and achieve large-scale production, policymakers must implement a coherent and consistent set of policies that involve the end consumer. Such policies must provide fair compensation for those most affected by the energy transition without distorting their decision making. He believes that the price of carbon is of critical importance in guiding end-consumer demand.
The BBVA Chair stressed the need to “go much faster and accelerate” decarbonization, a process in which banks are intermediaries that finance investments. “We’re the ones who are backing companies in making new projects happen,” he said.
Related Article: BBVA and Isagen Pioneer Sustainable Finance with $21 Billion Linked to Environmental Goals
Carlos Torres Vila shared the panel with Tan See Leng, Singapore’s Minister for Manpower and Second Minister for Trade and Industry, Takeshi Hashimoto, President and CEO of Mitsui O.S.K. Lines, Anna Borg, President and CEO of Vattenfall, and Daniel Fisher, CEO of Ball. The panel was introduced by John Kerry, U.S. Special Presidential Envoy for Climate, and moderated by Rachel Kyte, Visiting Professor at the Blavatnik School of Government, University of Oxford.
Share:
Share on Facebook
Share on Twitter
Share on LinkedIn
Topics
BBVA
Carlos Torres Vila
ESG
ESG News
World Economic Forum
Related Articles
Schneider Electric Tops ESG Rankings for 13th Year
ESG News •
January 18, 2024
WEF Launches Initiative to Boost $2.8 Trillion for Clean Energy in Global South
ESG News •
January 18, 2024
Schwab Foundation’s Global Alliance Aims for $1.125 Trillion Boost in Social Innovation Funding
ESG News •
January 18, 2024
Ørsted Achieves Top Spot in 2024 Global 100 for Sustainable Energy
ESG News •
January 18, 2024
Jan
9
January 9 @ 3:00 am – January 18 @ 12:00 pm EST
Global Steel Sustainability Summit 2024
Jan
15
January 15 @ 8:00 am – January 19 @ 5:00 pm EST
DAVOS 2024 | World Economic Forum
Jan
23
10:00 am – 12:00 pm EST
Online course: Building an ESG strategy
Jan
24
All day
International Day of Education
Jan
26
All day
International Day of Clean Energy
View Calendar
Today’s Top ESG Stories
WEF Launches Initiative to Boost $2.8 Trillion for Clean Energy in Global South January 18, 2024
Trafigura Partners with 1PointFive for Groundbreaking Carbon Removal Project January 18, 2024
Investor Revolt at Shell: $4 Trillion in Assets Push for Stricter Emissions Targets January 17, 2024
Climate Change Trade-Offs: What Does it Take to Keep Our World Insurable? – Study by Allianz January 17, 2024
UN Secretary-General Calls for Urgent Action on Climate and AI January 17, 2024
ESG News Quote of the Day
You have a responsibility to make inclusion a daily thought, so we can get rid of the word ‘inclusion’.
Theodore Melfi, American filmmaker
Tweet
ESG News Daily Newsletter
First Name
Last Name
Email address:
Leave this field empty if you’re human:
Related Stories
BBVA and Isagen Pioneer Sustainable Finance with $21 Billion Linked to Environmental Goals
BBVA Expands 2030 Emission Reduction Targets to Aviation and Shipping Sectors
BBVA Sets Eco-Friendly Benchmark with New Sustainable Headquarters
BBVA grants $200M Inaugural Sustainable Corporate Loan to a Mining Company in Peru
About ESG News About Us
Become a Contributor
Newsletter
Contact Us
Services Advertise With Us
Sponsorships
Events
News Agency
Terms & Privacy Terms & Conditions
Privacy Policy
Cookies
Copyright
Follow Us
YouTube
©2021 ESG News Corp. All rights reserved.
Add ESG News to your home screen?
Add this web page on your home screen for quick and easy access when you’re on the go.
Just tapthen “Add to home screen”
×