[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]

LOCATION/TYPE

News Home
Archive
RSS

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

Italy planning to phase out nation’s renewable energy incentives gradually  

Credit:  By Alessandra Migliaccio, Bloomberg, www.bloomberg.com 1 March 2011 ~~

Environment Minister Stefania Prestigiacomo indicated that Italy will keep renewable energy incentives for the time being and phase them out gradually.

“It’s obvious that incentives going forward will be declining,” Prestigiacomo said at an event today in Brindisi, Italy. “On this topic there won’t be any back-peddling. We will push ahead with renewable energy and we will push ahead with nuclear power. Italy needs both.”

Her comments are in line with those of other Italian officials. Industry Ministry Undersecretary Stefano Saglia said in December that Italy wasn’t planning any “dramatic” cuts in clean-energy incentives, preferring a gradual reduction that will help consumers without harming businesses.

The government is still drafting legislation regulating clean-energy incentives. There is no scheduled date on when legislation will be put to a vote in parliament. The bill was discussed today in a pre-Cabinet meeting, Prestigiacomo said.

“There are still ongoing meetings between the Ministry of Environment and that of economic development to put together a shared draft,” she said.

Government incentives may cost Italy as much as 5.7 billion euros ($7.8 billion) this year, according to a report by the energy regulator, Alessandro Ortis. A proposed decree to use auctions to award permits for renewable plants bigger than 5 megawatts goes in the right direction, Enel SpA Chief Executive Officer Fulvio Conti said on Feb. 8 in Milan. Prestigiacomo today excluded a cap on plants, such as an 8 megawatt limit.

In Brindisi, Enel started operating the country’s first plant for capturing carbon dioxide emissions and storing them underground in a pilot project intended to make the technology viable. Enel is Italy’s biggest energy company.

Source:  By Alessandra Migliaccio, Bloomberg, www.bloomberg.com 1 March 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

Wind Watch on Facebook

Follow Wind Watch on Twitter