Emission cuts: incentives and rules to be harmonized to achieve objectives

Emission cuts: incentives and rules to be harmonized to achieve objectives

The path to take to accelerate the pace is very clear. And it requires, on the one hand, the increase in efficiency in the use of energy and a significant increase in the use of renewable sources, and, on the other, the maximization of the effectiveness of incentive mechanisms, linking them to the actual benefit achieved , but also greater harmonization of legislation, also through the adoption of single texts as points of consistency.

Necessary change of pace

This is the route traced in the study “Roadmap to 2030: scenarios and policy indications in light of the new decarbonisation targets” carried out by Engie in collaboration with the “Energy & Strategy” department of the Polytechnic of Milan, the contents of which were illustrated by Vittorio Chiesa, chairman Polimi Graduate School of Management. «The energy transition poses extremely challenging objectives and requires a change of pace in the coming years», explained Chiesa and then highlighted how the analysis, with a focus on the Italian emissions context and the prospect of reducing energy consumption, highlights the gaps between the current development trajectories (Business as usual) to 2030 and the targets envisaged in the Pniec update and deriving from European legislation.

Incentive tools

Hence the need, suggests the very detailed document, to accelerate along a series of tracks, starting with energy efficiency which plays a key role in the proposal to update the Pniec, but whose current speed would not allow us to hit the target. the objective set in the government plan, equal to 100 million tonnes of oil equivalent (Mtoe). This is why, we read in the document, it is necessary to leverage a series of elements, such as the presence of a regulatory framework that accompanies a long-term vision but also the implementation of support mechanisms and schemes that act as catalysts and promoters of new impulse which the revision of the Pniec supports. Bringing order, as the comparison with other European countries also suggests, to the excessive fragmentation of the panorama of incentive instruments. Where, despite the numerous overlaps, the driving role for energy efficiency played by solutions such as white certificates and the thermal account is highlighted.

From residential to industrial

The study then reviews the state of the art of the various sectors, starting from residential and industrial, to reiterate here too the wide range of investments in the period 2024-2030 and, above all, the additional requirement estimated at almost 60 billion euros to achieve at least the objectives of the Pniec compared to what was estimated in the Bau scenario. A similar reflection also characterizes the possible contribution of the public administration, called to take on a leading role in the energy transition process but which requires a series of pushes. Ranging from expanding the market potential to increasing the attractiveness of the sector for private investments, also through supporting the diffusion of tools such as energy performance contracts and public-private partnerships, passing through the introduction of sector.

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District heating

The analysis illustrated yesterday by Chiesa then indicates some technological levers on which to focus in order to make a change in Italy’s trajectory. Among these is district heating, whose penetration potential is equal to 38 terawatt hours per year (therefore almost 4 times higher than the current diffusion) with volumes that might satisfy 8% of national heating needs, once morest annual investments estimated between 7 and 10 billion euros.

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2024-05-12 10:53:49

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