The programme aims to transform Italy’s public and private financial system, aligning it with the Paris Agreement to drive the ecological transition. It will draw from international progress on climate risk disclosure, the adoption of the European taxonomy, and commitments to align public spending and private portfolios with the goals of net-zero emissions, resilience, fossil fuel exclusion and increased green investments. This will be done through a dialogue and the leveraging of international best practices with major national financial institutions including CDP, SACE and Invitalia. The programme will also develop a proposal for environmental tax reform concurrent with the debate on reforming the European Stability Pact and achieving the objectives of the European Green Deal.
Climate banks and Green Deal
This report reflects on the need to transform the Italian National Promotion Institutes into real climate banks to amplify the impact of public resources dedicated to the green transition.