Italy to invest 80 bn in decarbonization in 5 yrs

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(ANSA) – ROME, MAR 11 – Italian Ecological Transition
Minister Roberto Cingolani told United States Special
Presidential Envoy for Climate John Kerry in a telephone
conversation on Wednesday that Italy is set to invest 80 billion
euros in decarbonization over the next five years, the ministry
said on Thursday.
    Cingolani said the investments would stem from the government’s
PNRR COVID-19 Recovery Plan financed with the help of close to
200 billion euros in EU grants and low-interest loans.
    Cingolani told Kerry, who has visited London, Brussels and Paris
as part of a tour of Europe, that the investments would delivery
cuts in emission levels of 55-60% by 2030. (ANSA).


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