Carbo diem: Seizing Italy’s opportunities in the EU ETS

To date Italy has perceived its obligations under both the Kyoto Protocol and the EU Emissions Trading System purely as a punitive cost to be shouldered rather than an opportunity for development. Not only has this made Italy nervous of European efforts to increase climate ambition, it has become a self-fulfilling prophecy: to meet its Kyoto targets Italy stands to spend billions of Euros on emission reductions overseas that would have been better spent improving Italy’s energy infrastructure and security. Without a change in strategy Italy stands to haemorrhage additional billions meeting its European climate commitments through to 2020.
An Italian translation of the report is also available.

Posted on

December 3, 2010