FROM FIT FOR 55 OVER A BILLION BILLION INVESTMENTS, STRATEGIC VISION NEEDEDED

The Scenario presented by Confindustria: combining decarbonisation goals and industrial development

Presented today in Confindustria, the Study "Scenarios and economic impact assessments of Fit for 55 targets for Italy', elaborated by Confindustria and RSE (Ricerca Sistema Energetico).

European energy and climate policy goals to achieve climate neutrality by 2050 - Green Deal and Package "Fit for 55" -, are bound to have a profound structural impact on the economic systemEuropean and Italian industries, radically changing the ways in which energy is produced and consumed.

The Report intends make a contribution to the construction of the new energy plan that our country will have to adopt in order to reach the 2030 decarbonisation targets.

The analysis provides an initial assessment of the 'Fit for 55' proposal with the aim of evaluating an alternative decarbonisation pathway that achieves the same reduction in greenhouse gas emissions through the efficient use of economic resourcescan foster the development of the industrial fabric, protect the international competitiveness of Italian companiesand further contain the social cost of the transition.

In the Confindustria scenario, the introduction of the single emissions constraint leads to a 2030 configuration with less challenging targets in terms of energy efficiency and a greater development of renewable energy sources than the path outlined for the FF55 scenario.

Attached: summary of the study, presentation slides and the full study

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