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Francesco Starace: REPowerEU Plan, letter to the EU

Francesco Starace is one of the signatories of the open letter addressed to Ursula von der Leyen

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We strongly support the European Union’s commitment to accelerate the energy transition towards a carbon free energy system:Francesco Starace is one of the signatories of the open letter sent in recent days, ahead of the publication of the REPowerEU Plan, by 121 businesses (multinationals and SMEs) and 27 business networks to the President of the European Commission Ursula von der Leyen to urge the EU to strengthen Europe’s energy security and resilience by accelerating the green transition.

The present scenario is relentlessly characterized by the explosion of tensions that occurred in recent months: the appeal made in the letter invites to draw further motivation from this in order to act more quickly and identify “structural and just solutions that can deliver on the green and digital transition and respond to the level of emergency that we face.” Never before has it been so essential to prioritize the implementation of actions in line with the Goals signed in the Paris Agreement and to ensure energy security by promoting a sustainable, solid, and equitable economy.

“We strongly support the European Union’s commitment to accelerate the energy transition towards a carbon free energy system”

Francesco Starace, Enel CEO

As Enel’s CEO Francesco Starace also pointed out, the REPowerEU Plan can play a decisive role in this and significantly contribute to the necessary phase-out from fossil fuels by facilitating the shift to electrification in all sectors, which will also allow greater energy security. The letter coordinated by the European Corporate Leaders Group (CLG Europe, a cross-sectoral network of European companies committed to achieving climate neutrality) demands several measures, including: reducing energy consumption through energy efficiency improvements; ensuring an inclusive and fair transition process; providing the right financial incentives and instruments to accelerate investments by investors, companies, and households; fully and effectively mobilizing existing EU funds and structures; urgently increasing and accelerating the provision of new training schemes built on the needs identified by employees and employers. As CEO Francesco Starace recalled, the great challenge is “to reach a net zero economy at a European level as soon as possible:” the path to achieve it is mapped out in the letter.

 

Enel editorial staff