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This briefing, authored by ECCO and E3G, takes stock of the EU transition planning framework initiatives and calls for a systemic approach – moving towards a simple and holistic transition planning framework that aligns various governance systems and policy tools within the EU, while ensuring consistency with international climate goals such as the Paris Agreement.
G7 finance and climate tracks should align their strategy, find a common position and support a systemic approach to defining and financing national transition plans. Such a systemic approach developed by G7 is critical to give confidence, build trust and inform next set of finance and climate decisions at COP29 and COP30 on the New Collective Quantified Goal on Climate Finance (NCQG) and the Nationally Determined Contributions (NDCs).
Given the imperative to mobilize private investment at the scale required to address climate change, the effective deployment of funding, policies, and frameworks becomes paramount. In this context, it is imperative to place Transition Plans (TPs) at the heart of the G7 finance agenda as primary tools to re-orient and re-design private and public choices towards resilient and sustainable economic systems.
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.
The significant contribution to national emissions by the manufacturing sector depends on its reliance on the use of fossil fuels for energy purposes, as well as on emissions that are inherent in certain production processes (e.g. cement, chemicals, etc.). Framing the country’s industrial development prospects within the path of reducing greenhouse gas emissions represents a strategic opportunity. The definition of the National Energy and Climate Plan (NECP) due by next June, is a unique opportunity for action.
This policy briefing, prepared by ECCO and E3G, examines the relationship between debt and climate at a pivotal moment for transforming the international financial architecture and for ensuring finance flows towards climate growth opportunities. Italy can play a key role in shaping a more resilient and sustainable future for Africa through both its G7 Presidency and the Mattei Plan.
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.
The project aims to show the production technology, enabling technology and enabling policies required to comply with Italian energy regulations that an essentially decarbonised electricity system in 2035 will need to have in place in 2030 and 2035. The system will be the most economical of all those guaranteeing decarbonisation and security while complying with certain hypotheses.
The increasing production and the pace of penetration of clean technologies required to a radical transformation of the global energy system critically depend on the availability of critical minerals.
The high geographic fragmentation of mining activities and the Asian dominance in the processing and refining stages of critical minerals require a progressive diversifying, reshaping and strengthening of the global supply chain structure in order to manage supply risks.
This briefing, authored by ECCO and E3G, takes stock of the EU transition planning framework initiatives and calls for a systemic approach – moving towards a simple and holistic transition planning framework that aligns various governance systems and policy tools within the EU, while ensuring consistency with international climate goals such as the Paris Agreement.
G7 finance and climate tracks should align their strategy, find a common position and support a systemic approach to defining and financing national transition plans. Such a systemic approach developed by G7 is critical to give confidence, build trust and inform next set of finance and climate decisions at COP29 and COP30 on the New Collective Quantified Goal on Climate Finance (NCQG) and the Nationally Determined Contributions (NDCs).
Given the imperative to mobilize private investment at the scale required to address climate change, the effective deployment of funding, policies, and frameworks becomes paramount. In this context, it is imperative to place Transition Plans (TPs) at the heart of the G7 finance agenda as primary tools to re-orient and re-design private and public choices towards resilient and sustainable economic systems.
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.
The significant contribution to national emissions by the manufacturing sector depends on its reliance on the use of fossil fuels for energy purposes, as well as on emissions that are inherent in certain production processes (e.g. cement, chemicals, etc.). Framing the country’s industrial development prospects within the path of reducing greenhouse gas emissions represents a strategic opportunity. The definition of the National Energy and Climate Plan (NECP) due by next June, is a unique opportunity for action.
This policy briefing, prepared by ECCO and E3G, examines the relationship between debt and climate at a pivotal moment for transforming the international financial architecture and for ensuring finance flows towards climate growth opportunities. Italy can play a key role in shaping a more resilient and sustainable future for Africa through both its G7 Presidency and the Mattei Plan.
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.
The project aims to show the production technology, enabling technology and enabling policies required to comply with Italian energy regulations that an essentially decarbonised electricity system in 2035 will need to have in place in 2030 and 2035. The system will be the most economical of all those guaranteeing decarbonisation and security while complying with certain hypotheses.
The increasing production and the pace of penetration of clean technologies required to a radical transformation of the global energy system critically depend on the availability of critical minerals.
The high geographic fragmentation of mining activities and the Asian dominance in the processing and refining stages of critical minerals require a progressive diversifying, reshaping and strengthening of the global supply chain structure in order to manage supply risks.