Energy, Confindustria: shock prices undermine growth prospects

Energy Confindustria shock prices undermine growth prospects

(Finance) – Lo energy price shocks continue to undermine growth prospects. This was stated by the general manager of Confindustria, Francesca Mariotti, at the hearing on the Dl Aid which “comes at a time of great uncertainty for the purchasing power of families and the productive capacity of businesses. The consequences of the crisis go well beyond the direct scope of sanctions and affect all aspects of the ecosystem Global value chains have been overwhelmed and, before the market can rebuild them, it will take time, “he explained. He “huge increases in raw material prices and energy are impacting on business costs, in Italy even more than in other European countries, reducing margins, in some cases down to zero. According to the estimates of our Study Center, due to the jump in prices, the energy costs of Italian manufacturing have increased by 27 billion euros compared to the pre-crisis period (+68 billion in the entire economy) “.

In line with previous interventions, the Aid Decree is still characterized by short-term measures, although the first strategic elements on the energy front “. In this sense, according to the CEO, “the interventions in the field of renewables are positive, in particular for the simplification of the authorization procedures and for the identification of suitable areas. These are interventions that determine the conditions to facilitate, this time in a structural way , the process of diversification of sources and related investments “. In this framework “we believe it is fundamental – added Mariotti – to speed up the procedures for the remediation of contaminated sites, in order to allow investments in territories that are currently blocked by rules and procedures that are not in step with the times, which risk frustrating the support tools for investments in territories “.

In the opinion of the Confindustria exponent, it should also be noted “the strengthening of tax credits for energy-intensive and gas-intensive companies, although the cyclical nature of these interventions is confirmed and there is no lack of application criticalities. The modification of the extraordinary contribution on extra-profits in the energy sector, whose discipline is still in need of incisive interventions aimed at correctly identifying extra-profits and intercepting exclusively the companies that have achieved. On the new measure in support of road hauliers included in the Legislative Decree, we point out that, while sharing its purpose, it is based on discrimination, since the subsidy for the purchase of fuel is recognized only for road transport of goods, while passenger transport sectors “.

Instead, the “slowdown in the reformist tension linked to the PNRR, favored by partisan interests and very far from the general interest of the country “. It is not a question – explains Mariotti -” only of approving the rules within the timeframe envisaged by the Plan, but also of providing them with a quality equal to the issues addressed and of be concerned, already in parliament, about their concrete implementation. This requires a high sense of responsibility on the part of all political and social forces, which should assume the authorship of the reform process, even in the dialectical comparison between different opinions and solutions “, he concluded.

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