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Azerbaijan COP29’s Presidency has a key role to play in relaunching the ambition of the commitments signed at COP28 in Dubai, including tripling renewable energy capacity and doubling energy efficiency by 2030, but above all, it needs to be decisive in giving a concrete follow-up to the decision to transition away from fossil fuels in energy systems in a fair, orderly and equitable manner. However, the priorities on the agenda outlined by Baku do not include elements to advance the phase out of fossil fuels.
The Mattei Plan offers an opportunity to redefine a new partnership with Angola. However, a partnership based on the exploitation of fossil fuels is not only not economically viable in view of a declining Italian and European demand for oil and gas according to all scenarios, but it is also on a collision course with market trends.
An Italy-Congo partnership based on the exploitation of fossil fuels is not the best investment for the country’s economy, as it fuels a vicious cycle of debt, poverty, inequality and corruption and lack of diversification. For Italy, such partnership is not only unprofitable in the face of a declining gas demand under all scenarios, but it would also collide with market new interests. Insisting on gas in the Italy-Congo relationship increasingly ties Italy’s foreign policy to gas policy, and away from its climate commitments.
The revival of relations between Italy and African countries needs to be contextualized within a framework of renewed interest in the African continent. In this framework, the Meloni government is working on a new strategic project for Africa, known as “Mattei Plan”, which aims at establishing equal and mutually beneficial relations with African partners, in a “non-predatory” context. Against this backdrop, Mozambique represents an extremely relevant partner for Rome, drawing on solid relations at both a governmental and civil society level.
Azerbaijan COP29’s Presidency has a key role to play in relaunching the ambition of the commitments signed at COP28 in Dubai, including tripling renewable energy capacity and doubling energy efficiency by 2030, but above all, it needs to be decisive in giving a concrete follow-up to the decision to transition away from fossil fuels in energy systems in a fair, orderly and equitable manner. However, the priorities on the agenda outlined by Baku do not include elements to advance the phase out of fossil fuels.
The Mattei Plan offers an opportunity to redefine a new partnership with Angola. However, a partnership based on the exploitation of fossil fuels is not only not economically viable in view of a declining Italian and European demand for oil and gas according to all scenarios, but it is also on a collision course with market trends.
An Italy-Congo partnership based on the exploitation of fossil fuels is not the best investment for the country’s economy, as it fuels a vicious cycle of debt, poverty, inequality and corruption and lack of diversification. For Italy, such partnership is not only unprofitable in the face of a declining gas demand under all scenarios, but it would also collide with market new interests. Insisting on gas in the Italy-Congo relationship increasingly ties Italy’s foreign policy to gas policy, and away from its climate commitments.
The revival of relations between Italy and African countries needs to be contextualized within a framework of renewed interest in the African continent. In this framework, the Meloni government is working on a new strategic project for Africa, known as “Mattei Plan”, which aims at establishing equal and mutually beneficial relations with African partners, in a “non-predatory” context. Against this backdrop, Mozambique represents an extremely relevant partner for Rome, drawing on solid relations at both a governmental and civil society level.