This expression denotes the gradual adoption of renewable energy sources, as wind, hydroelectric or photovoltaic, instead of sources producing high CO2 emissions: a transformation process, part of a wider path towards sustainable development strategies, also in consideration of circular economy.
The European Green Deal, i.e., a combination of political initiatives aimed at achieving climate neutrality within 2050, moves this way. In Italy, the Piano Nazionale di Ripresa e Resilienza (Recovery and Resilience Plan) has embraced the EU growth strategy, and the Ministry of Ecological Transition has allocated €69.8 billion for green revolution. The investments will interest four areas of action: building efficiency and upgrading; renewable sources and sustainable local mobility; protection and valorisation of territory and water resource; green companies and circular economy.
Moreover, during the Cop26 summit held in Glasgow, the UN countries signed various agreements. The first, and most important, intended to reduce coal usage. During the conference, the parties have reached different agreements on specific issues concerning energy transition, including a project to strengthen electric mobility between 2035 and 2040, a deal against deforestation and an initiative to reduce methane emissions by 30% within 2030. In November 2022, COP27 was held in Sharm el-Sheikh. The negotiations followed action lines related to five topics: decarbonisation, climate adaptation, nature, food and water. The Conference ended with the issuance of the Sharm el-Sheikh Implementation Plan, which confirms the contents ratified in the Glasgow Climate Pact (COP26).
Over the years, our Group has launched various activities to give an active contribution to such ongoing changes.