ENI

In Italy, as we know, plans are announced but not respected.This is the greatest risk that hovers over the PNIEC, the National Integrated Plan for Energy and Climate that the Meloni government sent to the European Commission in recent days.The strategic document that defines a country's medium and long-term energy and climate policy, writes the Ministry of the Environment and Energy Security, "confirms the objectives achieved in the first proposal transmitted in June 2023, in some cases even exceeding the community targets, in particular on renewable energy". With the sending, which took place on 1 July (and a correction which we will talk about shortly), Italy is one of the few European countries - together with Denmark, Finland, the Netherlands, Sweden - to have respected the deadline set by the Commission .But he did it to the detriment of transparency and participation, setting a month-long consultative questionnaire in March 2024, without adequate publicization of t...

It seems prehistoric but in 2015, at the time of COP21 and the Paris Agreements, among the commitments set to keep the increase in temperatures within 1.5 °C compared to the pre-industrial era there was also the allocation of 100 billion euros per year by the richest states towards the countries of the so-called south of the world. It was, and is, a key point in climate finance.As explains ECCO, the Italian climate think tank, “the term applies to financial resources dedicated to addressing climate change by all public and private actors from global to local scales, including international financial flows to developing countries to assist them in addressing climate change.” For Italy the main public instrument to pursue the objective of the Paris Agreements is the Italian Climate Fund:until 2026 it will have a total budget of 4.4 billion euros, in addition to 40 million euros per year from 2027 for non-repayable contributions and management expenses.Established w...

The 'Mattei Plan' revealed:5.5 billion euros on the table and the feeling of a missed opportunity Update January 31, 2024: During the Italy-Africa summit, the first international appointment of the Italian presidency of the G7, the Prime Minister, Giorgia Meloni, he revealed the so-called Mattei Plan, or at least he talked about figures and mentioned possible initiatives in Africa.In front of representatives of 46 countries (including heads of state and government) and 25 multilateral bodies, gathered in the Senate, Meloni he announced the forecast of "5.5 billion euros between credits, gift operations and guarantees:approximately 3 billion from the Italian climate fund and 2.5 billion and a half from the development cooperation fund".There are already pilot projects, from Morocco to Kenya, from Algeria to Mozambique, from Egypt to Ethiopia with the involvement of 12 investee companies (from Eni to Leonardo) in five areas of intervention:vocational education and training, health, water...

The energy multinationals ENI and SNAM have announced that they have started the capture and storage of carbon dioxide emitted by the Casalboretti power plant, in the municipality of Ravenna.The project plans to capture at least 90% of the CO2 produced by the plant - estimated at around 25,000 tonnes per year – and transport it to the offshore platform Porto Corsini Mare Ovest, and then deposit it in an exhausted gas field at 3,000 meters deep.In a press release, ENI declared that this commitment is "consistent" with its desire to position itself as an "operator that facilitates a fair and balanced energy transition", adding that it is "a fundamental contribution to achieving carbon neutrality by 2050".However, no explanation can be found regarding the most recent scientific evidence, which suggest that the actual impact of this strategy on the climate may be more limited than expected and, therefore, still under discussion. According to the press re...

The words of Francesca Ferrazza, head of the fusion group, at a hearing at the Senate Environment Commission