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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.
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.
Today, the Mediterranean region's capacity is 90 GW for solar PV and 82 GW for wind . However, the solar and wind potential is estimated at more than 3 TW, meaning that the development of renewables falls short of realising their full potential.
This analysis proposes a simplified and aggregated policy framework that’s consistent with the transition towards climate neutrality as well as an outline and assessment of the policies currently in place in the cement industry in Italy, which is the second largest producer of cement in the European Union and a major consumer of cement and concrete.
• Empirical evidence shows that capital requirements have a significant influence on both the volume of credit and the level of bank interest rates, and also demonstrates that, despite their limited worth as a stand-alone lever to drive climate change, the use of macroprudential capital requirements can play a decisive role in mitigating the risks of transition generated by aggressive decarbonisation policies. These findings therefore show that macroprudential policies are a necessary complement to other climate policies in order to reduce the exposure to risk of financial intermediaries who, without adequate capital requirements, could serve as an amplification channel of systemic risks.
The biggest obstacle for zero/low emission or green steel is the simple fact that, within the current market, it isn’t cost-competitive. In light of the complex regulatory framework that has been developed around energy and climate objectives, this policy paper offers a perspective and a conceptual outline for defining a policy framework that’s consistent with the country's emission reduction goals.
In recent years, Italy has demonstrated a growing interest in the African continent, culminating with the Italy-Africa Summit in January 2024. In order to develop a mutually beneficial partnership with Africa, through the Mattei Plan and the leadership earned through the 2024 G7 presidency, Italy must listen and respond to the needs expressed by its African partners, which include a series of reform proposals of the international financial architecture.
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.
For the European Union, the estimated investment needed to implement the Green Deal would require a total annual investment in the 2021-2030 period of approximately 1,285 billion per year, equal to 8% of GDP of the EU in 2022. The setting up of a European energy and climate fund is therefore legally and technically feasible, and should be a decisive theme of political debate, particularly in light of the upcoming European Parliamentary elections and the renewal of the Commission.
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 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 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 NECP provides a framework for EU Member States to implement their emission reduction commitments for a ten-year period. These must be aligned with the Paris Agreement. The current revision of the NECP must be built on the target of reducing emissions by at least 55% by 2030, compared to 1990 levels, as detailed in the Fit for 55 package. The NECP should thus include the strategy to align with the EU’s collective target for 2030, as well as achieving net-zero emissions by 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 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 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.
A propaedeutic analysis for the revision of the National Energy and Climate Plan (NECP). Estimates of the total investment that Italy needs in order to align with the new European Fit-for-55 targets range between an average of EUR 122 and EUR 134 billion per year. The additional investments needed are therefore EUR 30-42 billion per year higher than estimated in the NECP (2019), and 2-3 times higher than the amount allocated in the NRRP for the green transition in the 2021-26 five-year period (an average of EUR 14.4 billion per year).
Italy, like other European countries, has been called upon to structure the process of updating the Integrated National Energy and Climate Plan (NECP) through public participation and effective multi-level dialogue, as envisaged by the Energy Union Governance Regulations and reiterated by the Commission’s Guidelines for revision of the Plan. This work shows the availability of resources, time and knowledge to make the NECP a plan that reflects the needs of the country, through a participation-based path.
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.
This report includes assumptions and results of the simulations regarding an essentially decarbonised power system by 2035, with an intermediate step to 2030. This document contains proposals mainly in terms of production and technologies.
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.
The ecological transition is crucial not only for achieving the climate goals contained in the European Green Deal, but also the innovation and industrial competitiveness goals of the Green Deal Industrial Plan. The transition is therefore a prerequisite for growth and thus for debt sustainability.
The aim of this paper is to provide an overview of the technologies available for the decarbonization of the steel sector in Italy and to identify a decarbonization path in response, on the one hand, to the risks of de-industrialization and, on the other, to the risks of lock-in of investments in supply chains that are not compatible with the net zero emissions perspective.
In this new study we analyze the European strategy for emancipation from Russian gas. Solutions involve the Mediterranean, but strategic partnerships are needed with Algeria and Egypt not the creation of other fragile dependencies that also risk undermining the achievement of climate goals.
The report analyzes critical issues, solutions and future scenarios to promote a decarbonization of the plastics supply chain that will allow the sector to remain competitive and, at the same time, remain aligned with the 2050 climate neutrality goals.
Italy is the second largest steel producer in Europe and the 11th largest in the world. In 2019, 23.2 Mt of steel was produced at the Acciaierie d'Italia plant in Taranto (Ex Ilva). In this report we take an in-depth look at steel production in Italy, analyzing the specific case of the only Italian plant that currently produces it, namely the Taranto steel plant
Full decarbonization by 2050 requires the development of new industrial strategies aligned with climate goals. In this study, we delve into emission reduction technology options and suggest industrial decarbonization strategies to address climate change through the levers of innovation, welfare, and employment.
Ahead of the G20 Heads of State and Government Summit in Rome and COP26 in Glasgow, we analysed and identified Italy's climate finance commitments.
Una breve introduzione al capacity market italiano e le ragioni per cui, a nostro parere, è incoerente e distorsivo con la transizione. Un kit, organizzato per punti, con le nostre proposte di modifica e i nostri suggerimenti in risposta alla consultazione Terna del maggio 2021.
This document outlines ECCO’s departure point and our initial horizon. These "notes on change" will be strengthened by the ideas and resources our supports provide.
ECCO is a free, independent and evolving space for thought and action.
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.
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.
Today, the Mediterranean region's capacity is 90 GW for solar PV and 82 GW for wind . However, the solar and wind potential is estimated at more than 3 TW, meaning that the development of renewables falls short of realising their full potential.
This analysis proposes a simplified and aggregated policy framework that’s consistent with the transition towards climate neutrality as well as an outline and assessment of the policies currently in place in the cement industry in Italy, which is the second largest producer of cement in the European Union and a major consumer of cement and concrete.
• Empirical evidence shows that capital requirements have a significant influence on both the volume of credit and the level of bank interest rates, and also demonstrates that, despite their limited worth as a stand-alone lever to drive climate change, the use of macroprudential capital requirements can play a decisive role in mitigating the risks of transition generated by aggressive decarbonisation policies. These findings therefore show that macroprudential policies are a necessary complement to other climate policies in order to reduce the exposure to risk of financial intermediaries who, without adequate capital requirements, could serve as an amplification channel of systemic risks.
The biggest obstacle for zero/low emission or green steel is the simple fact that, within the current market, it isn’t cost-competitive. In light of the complex regulatory framework that has been developed around energy and climate objectives, this policy paper offers a perspective and a conceptual outline for defining a policy framework that’s consistent with the country's emission reduction goals.
In recent years, Italy has demonstrated a growing interest in the African continent, culminating with the Italy-Africa Summit in January 2024. In order to develop a mutually beneficial partnership with Africa, through the Mattei Plan and the leadership earned through the 2024 G7 presidency, Italy must listen and respond to the needs expressed by its African partners, which include a series of reform proposals of the international financial architecture.
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.
For the European Union, the estimated investment needed to implement the Green Deal would require a total annual investment in the 2021-2030 period of approximately 1,285 billion per year, equal to 8% of GDP of the EU in 2022. The setting up of a European energy and climate fund is therefore legally and technically feasible, and should be a decisive theme of political debate, particularly in light of the upcoming European Parliamentary elections and the renewal of the Commission.
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 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 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 NECP provides a framework for EU Member States to implement their emission reduction commitments for a ten-year period. These must be aligned with the Paris Agreement. The current revision of the NECP must be built on the target of reducing emissions by at least 55% by 2030, compared to 1990 levels, as detailed in the Fit for 55 package. The NECP should thus include the strategy to align with the EU’s collective target for 2030, as well as achieving net-zero emissions by 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 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 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.
A propaedeutic analysis for the revision of the National Energy and Climate Plan (NECP). Estimates of the total investment that Italy needs in order to align with the new European Fit-for-55 targets range between an average of EUR 122 and EUR 134 billion per year. The additional investments needed are therefore EUR 30-42 billion per year higher than estimated in the NECP (2019), and 2-3 times higher than the amount allocated in the NRRP for the green transition in the 2021-26 five-year period (an average of EUR 14.4 billion per year).
Italy, like other European countries, has been called upon to structure the process of updating the Integrated National Energy and Climate Plan (NECP) through public participation and effective multi-level dialogue, as envisaged by the Energy Union Governance Regulations and reiterated by the Commission’s Guidelines for revision of the Plan. This work shows the availability of resources, time and knowledge to make the NECP a plan that reflects the needs of the country, through a participation-based path.
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.
This report includes assumptions and results of the simulations regarding an essentially decarbonised power system by 2035, with an intermediate step to 2030. This document contains proposals mainly in terms of production and technologies.
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.
The ecological transition is crucial not only for achieving the climate goals contained in the European Green Deal, but also the innovation and industrial competitiveness goals of the Green Deal Industrial Plan. The transition is therefore a prerequisite for growth and thus for debt sustainability.
The aim of this paper is to provide an overview of the technologies available for the decarbonization of the steel sector in Italy and to identify a decarbonization path in response, on the one hand, to the risks of de-industrialization and, on the other, to the risks of lock-in of investments in supply chains that are not compatible with the net zero emissions perspective.
In this new study we analyze the European strategy for emancipation from Russian gas. Solutions involve the Mediterranean, but strategic partnerships are needed with Algeria and Egypt not the creation of other fragile dependencies that also risk undermining the achievement of climate goals.
The report analyzes critical issues, solutions and future scenarios to promote a decarbonization of the plastics supply chain that will allow the sector to remain competitive and, at the same time, remain aligned with the 2050 climate neutrality goals.
Italy is the second largest steel producer in Europe and the 11th largest in the world. In 2019, 23.2 Mt of steel was produced at the Acciaierie d'Italia plant in Taranto (Ex Ilva). In this report we take an in-depth look at steel production in Italy, analyzing the specific case of the only Italian plant that currently produces it, namely the Taranto steel plant
Full decarbonization by 2050 requires the development of new industrial strategies aligned with climate goals. In this study, we delve into emission reduction technology options and suggest industrial decarbonization strategies to address climate change through the levers of innovation, welfare, and employment.
Ahead of the G20 Heads of State and Government Summit in Rome and COP26 in Glasgow, we analysed and identified Italy's climate finance commitments.
Una breve introduzione al capacity market italiano e le ragioni per cui, a nostro parere, è incoerente e distorsivo con la transizione. Un kit, organizzato per punti, con le nostre proposte di modifica e i nostri suggerimenti in risposta alla consultazione Terna del maggio 2021.
This document outlines ECCO’s departure point and our initial horizon. These "notes on change" will be strengthened by the ideas and resources our supports provide.
ECCO is a free, independent and evolving space for thought and action.