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The 2024 European elections will be a key moment for the future of the European Green Deal and the Union's climate policies. The future Commission and the new European Parliament will be able to continue on this path, ensuring that the 2030 targets needed to avert the most disastrous effects of climate change are met. They will also, and most importantly, be able to make the energy transition socioeconomically sustainable.
This analysis aims to identify the minimum gas infrastructure Italy requires to ensure national energy security, after the consequences of the Russian invasion of Ukraine have shaped the European market and considering the progress on climate targets. The study was carried out using an optimisation model that simulates the balance between gas demand and supply in the European market for Italy with a daily granularity for 2030, 2040, and 2050.
The report developed by ODI to which this briefing refers - 'A fair share of climate finance? The adaptation edition' - looks at the climate finance provided in 2021 to evaluate each country’s progress against the $100 billion goal. In addition, we produce new evidence to evaluate each country’s adaptation finance provision against the aim of at least doubling adaptation finance from 2019 levels by 2025, which we set at $40 billion – double the $20 billion reported in 2019.
The Russian invasion of Ukraine and the energy crisis which came in its wake have produced significant impacts on the energy sector in many EU countries, including Italy. This study shows that customers reacted to high gas prices by reducing consumption over and above the European target of 15%, with gas consumption dropping 18.6% from August 2022 to January 2023, in the absence of structural measures.
The 2024 European elections will be a key moment for the future of the European Green Deal and the Union's climate policies. The future Commission and the new European Parliament will be able to continue on this path, ensuring that the 2030 targets needed to avert the most disastrous effects of climate change are met. They will also, and most importantly, be able to make the energy transition socioeconomically sustainable.
This analysis aims to identify the minimum gas infrastructure Italy requires to ensure national energy security, after the consequences of the Russian invasion of Ukraine have shaped the European market and considering the progress on climate targets. The study was carried out using an optimisation model that simulates the balance between gas demand and supply in the European market for Italy with a daily granularity for 2030, 2040, and 2050.
The report developed by ODI to which this briefing refers - 'A fair share of climate finance? The adaptation edition' - looks at the climate finance provided in 2021 to evaluate each country’s progress against the $100 billion goal. In addition, we produce new evidence to evaluate each country’s adaptation finance provision against the aim of at least doubling adaptation finance from 2019 levels by 2025, which we set at $40 billion – double the $20 billion reported in 2019.
The Russian invasion of Ukraine and the energy crisis which came in its wake have produced significant impacts on the energy sector in many EU countries, including Italy. This study shows that customers reacted to high gas prices by reducing consumption over and above the European target of 15%, with gas consumption dropping 18.6% from August 2022 to January 2023, in the absence of structural measures.