Meloni says Italy will use EU funds to become Europe’s energy hub – #Meloni #Italy #funds #Europes #energy #hub
ROME, February 6 (Reuters) – Italy Russia under the so-called REPowerEU plan to completely abandon its gas and turn the country into the bloc’s energy hub Europe intends to use funds from the Union, Prime Minister Giorgia Meloni’s statement in an interview.
Meloni, who met with the respective ministers and CEOs of energy groups Eni ( ENI.MI ), Enel ( ENEI.MI ), Snam ( SRG.MI ) and Terna ( TRN.MI ) on Monday, spoke of the need to cooperate with Africa. about the power supply.
Total funds 300 billion to euro (321.36 billion dollars) the imminent REPowerEU plan aims to end the EU’s dependence on Russian fossil fuels and combat the climate crisis.
It includes around 225 introduced under the NextGenerationEU pandemic recovery plan starting in 2021 billion includes euro unused credits.
Europe The Commission has also added it to the sale of EU Emissions Trading System (ETS) allowances 20 financing with a billion euro grant offer did.
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20The ETS system launched in 2005 is used by manufacturers, energy companies and weather forcing them to get permits to cover every ton of carbon dioxide they emit.
of Italy gas The chief executive of network operator Snam told Reuters last week that the group would seek support from the EU to invest 2.5 billion euros to increase local network capacity.
Money from RePowerEU could also be used to build the SoutH2 Corridor, a link to bring hydrogen produced in North Africa to Northern Europe, a source with knowledge of the matter said.
Italy’s right-wing government plans to finalize its proposal for Rome’s use of EU funds in talks with Brussels by the end of April.
($1 = 0.9335 euros)
Reporting by Giuseppe Fonte and Francesca Landini; Written by Francesca Landini, edited by Alvise Armellini and Aurora Ellis
Our standards: Thomson Reuters Trust Principles.
2023-02-06 23:44:46
Source – reuters
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