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Milan 23.11.2022

First Governmental Intervention on Energy Costs

With the November 4th approval of NADEF (Updated Document on Finances and the Economy) by the Council of Ministers, around 30 billion euros have been allocated to counter the energy emergency made even more urgent by the Russian-Ukrainian conflict. This emergency requires immediate interventions capable of focusing on renewable resources in order to free ourselves from dependence on fossil fuels.

Italy has many resources that are not always exploited. The full use of a forest heritage of 10 million hectares with which to develop biomass, for example, could have positive effects not only on the environment, but also in terms of new employment. Furthermore, the country is rich in hydro-electric energy, so it would be necessary to invest in and increase pumping systems to improve the efficiency of over 70% of these currently obsolete plants.

The new government has announced that it intends to tackle expensive energy by strengthening the Italian production system to make the country more independent in the energy field. All this requires huge investments and the right amount of time to fully reactivate the plants. Renewables are not only desirable, but necessary to achieve energy self-sufficiency in Italy and in the European Community. The topic has never been so urgent.

Read the letter also in:

Italian

Maria Elisabetta Ripamonti

BUSINESS DEVELOPMENT MANAGER EUROPE

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