Enel’s CEO and General Manager Francesco Starace called it “a great opportunity”: the Recovery Plan is “what our country needs,” as “it focuses on digitization and the green revolution, and also includes important areas such as research, health, inclusion and education,” which are in line with the indications provided by the EU. The CEO talked about this during his speech at “The Plan - The economy of the next generation” webinar, which was organized on May 6 by the Caltagirone Editore Group as part of the “Obliged to Grow” initiative.
The PNRR (National Recovery and Resilience Plan) is therefore “a good plan,” when considering the tools it is provided with: furthermore, as Francesco Starace emphasized, it is accompanied by a package of reforms that are “fundamental for its implementation.” The Recovery Plan comes at a crucial turning point for the sector, which is committed to accelerating the energy transition: “The first thing to do is to tell the truth about such a revolutionary change,” Enel’s CEO pointed out, in analyzing the resulting impact. A recent study has revealed that many jobs could come from electrification: “However, there are also jobs being lost alongside those being created. We need the necessary policies to tackle all this.” In this perspective, according to Francesco Starace, professional conversion programs would also be necessary: “The transition has a cost and we need to focus on new sectors. The balance is always positive for the economy, but this stage must be addressed with the community.”
“We have presented initiatives for about 26 billion euros within our projects: if implemented, they could generate an additional impact of about 86 billion euros on the GDP and 100,000 jobs”
Francesco Starace, Enel CEO
As for the PNRR, “we have presented initiatives for about 26 billion euros within our projects”: if implemented, “they could generate an additional impact of about 86 billion euros on the GDP and 100,000 jobs.” Enel, as Francesco Starace emphasized, is “a very important part” of the transition: not surprisingly, it is committed to several areas. Suffice to say that the planned investments reached 6 billion euros for renewables, 4 billion for networks and 3 billion for hydrogen: this is “a strong commitment in perspective, which we will see in detail once we have received the response from the EU to the government’s proposal.”
Enel editorial staff