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Italian Energy Summit: Starace’s speech

Francesco Starace talks about energy transition at the event in Milan
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Guaranteeing that everybody can enjoy the benefits deriving from the energy transition. This was Francesco Starace’s main message at the most recent Forum of The European-House Ambrosetti in Cernobbio, where he presented the “Just E-volution 2030” report. The message was subsequently reintroduced during the 19th edition of the Italian Energy Summit, which was held on 23 and 24 September in Milan by 24ORE Business School, in collaboration with Il Sole 24 ORE financial newspaper.

 

Energy transition creates a new challenge, but “this is the path that almost everybody is undertaking.” All we need to do is “adapt the recipe to Italian conditions.” In his speech, Starace also pointed out that sustainability generates value. This point was a key point in the study that was presented. The consequences in terms of productivity and employment are enormous: up to 1.4 million new jobs in the European Union by 2030. It is therefore necessary to let the generated benefits be shared. This process must be supported by comprehensive measures which blend climatic, energetic, environmental, industrial and social issues. In this respect, it’s necessary to incentivise “a shift of the economic system towards electrification and decarbonisation,” together with the principles of the circular economy, “by reusing and recycling, areas in which Italy is one of the most virtuous nations.”

 

Starace also talked about sustainable finance and about the need to look for common criteria for measuring companies’ green investments and performances. Indeed, the world’s three biggest rating agencies are trying to define an agreed metric based on sustainability. The objectve, as pointed out by Starace, is to “build up simple financial instruments, which are not too hard to manage over time, and which allow financial investors to identify a sector for investing and enable them to do so that without excessive practical difficulties.

 

 

Enel editorial staff