Italy may struggle to achieve 2030 green goals according to a study
A study released on Saturday showed that Italy may not be able to achieve the carbon emission targets set at EU level because of delays in green transition areas such as renewable energy generation and energy storage.
The report prepared by the energy group Edison, and think tank TEHA, indicated that Italy would take 10 years longer to deploy renewables and storage facilities than anticipated, and this could prevent it from meeting EU decarbonisation targets for 2030.
The study recommended streamlining permits, providing investment certainty and reducing energy cost.
The study estimated that Italy could increase its GDP by 190 billion Euros in 2050 if it combined hydropower storage, advanced nuclear energy generation, and carbon capture technologies.
The report stated that Italy could develop hydropower stores with a potential of 13.6 gigawatts across 56 new sites to support energy security and climate resilience.
Edison CEO Nicola Monti commented on the study: "We need to reduce our energy and technology dependence on foreign countries. We must enhance domestic supply chains, such as hydroelectric pumps, and build European partnership around emerging technologies from next-generation nucleus to carbon capture."
The report stated that Italy's solar project costs are 20% higher than those in France, Germany, and Spain due to the congestion of power grids, land availability, and long approval processes. Reporting by Francesca Landini, Editing by Valentina Z.
(source: Reuters)
