Energy costs put Italy's industry recovery at risk

Energy costs put Italy's industry recovery at risk

Energy

High and rising energy costs are putting Italy's economic recovery at risk, Confindustria said, CE Report quotes ANSA.

The industrial employers federation underlines "the growing concern of Italian industry for the current energy prices that put industrial recovery at risk and could further slow down investments in process innovation needed to accelerate the energy transition", said the delegate of the president of Confindustria for energy, Aurelio Regina, in a hearing at the Lower House in front of the joint Budget and Environment committees.

Italy "remains the most expensive electricity market in Europe" he said, and warned: "Italian companies are not able to support the current competitiveness gap, therefore suitable tools are needed to keep industrial plants running".

Tags

Related articles

Renewable Energy Reaches Record Share in Moldova's Energy Mix for Winter
On 19 January, renewable energy accounted for 20.59% of Moldova’s electricity production, setting a record for the cold season.
Romania to Lead EU Energy Security with Neptun Deep Gas Exports
The Romanian Energy Ministry has emphasized that the natural gas exports from the Neptun Deep offshore perimeter to Germany will account for less than 1% of the deposit's estimated output, which exceeds 100 billion cubic meters.
Biden Moves to Ban Offshore Oil and Gas Drilling Across US Coastlines
US President Joe Biden announced a major executive action on Monday to ban new offshore oil and gas drilling across 625 million acres of ocean, including the East and West coasts, the eastern Gulf of Mexico, and Alaska's Northern Bering Sea.
Government Implements Measures to Ensure Energy Supply for Villages in the Security Zone
The Commission for Emergency Situations (CSE) has approved critical measures to ensure the reliable supply of electricity and natural gas to several villages in the Security Zone, currently connected to infrastructure on the left bank of the Dniester River, the government announced.