(Finance) – “In light of the most recent measures as well they allocate an additional 14 billion euroswe reiterate that we need long-term vision and structural measures for address the current situation. For some time now, Confindustria has formulated proposals on both the economic and strategic level which aim at strengthening the energy autonomy of the country, guaranteeing the survival of the industrial sector and protecting its competitiveness. Some measures, although indispensable, must be integrated with initiatives and decisions at European level; in particular, interventions are needed to stem speculative maneuvers on energy markets and CO2 emission quotas “. This was stated by the President of Confindustria, Carlo Bonomi, in a video message to a conference of Confindustria Alto Adriatico in Pordenone.
“In this direction we have asked for coordinated price regulation; the goal remains a common regulated gas price that protects the continent in terms of security of supply and industrial competitiveness from abnormal economic conditions that are very different from real supply contracts “continued Bonomi. As for the ETS mechanism (the EU greenhouse gas emissions trading system), Bonomi recalls that with the setting of new reduction targets of emissions, the related market of allowances has undergone a significant speculative evolution and the contingent use of a greater quantity of coal and fuel oil in electricity production risks further fueling the escalation of prices.
“The reform of the electricity market remains fundamental: the recent escalation in the price of natural gas of electricity makes it necessary to accelerate the development of new electricity production capacity from renewable sources with the threefold purpose of promoting a mechanism for enhancing electricity production by untying the price of energy produced from renewables than that produced from gas, reduce our dependence of the gas supplier on countries geopolitically unstable, achieve the challenging decarbonisation goals through a market capable of promoting renewable production of more than 70 percent by 2030 in line with the objectives of the package Fit for 55 “.