Enel and the European House Ambrosetti have issued a whitepaper on the role of electricity in achieving Italy's sustainability goals.
According to the study:
- Electricity represents the energy vector of the future, as an enabler of sustainability, resilience and economic development for Italy.
- Electricity plays a decisive role in reducing carbon emissions and mitigating the overall impact of human activities on the environment
- It acts as a flywheel of innovation, industrial efficiency and the creation of new employment.
- The global level of greenhouse gas emissions has increased by 62% from 1990 levels to reach 58,710 million tons in 2016
- Electricity consumption increased from 17% to 22% and by 17% to 21% in Europe and Italy between 1990 and 2016, respectively
- The transport sector followed by buildings and industrial consumers are expected to consume the highest amount of electricity in future
Francesco Starace, CEO at Enel, said: “The energy sector is currently in the midst of profound change, influenced by technological progress which is revolutionising the way we produce, distribute and consume energy.
“The first spin-off of the drop in the costs of renewable energy technologies is the reduction in the price of electricity, with increasingly sustainable and low-cost electricity destined to become the main energy source for end users. Given increasingly cleaner generation, the gradual penetration of electricity will enable us not only to decarbonise the most polluting sectors of the economy, but also to best utilise the resources at our disposal.”
Other recommendations on how Europe and Italy can achieve sustainability goals provided in the whitepaper include:
- Increasing renewable energy portfolios to expand digitisation efforts and to stimulate innovation
- Expand e-mobility programmes which to date has potential benefits of up to 420 billion euros to the Italian economy
- Focus on six electrification technologies for the building and industrial sectors. The technologies include heat pumps, LED lamps, electrochemical storage systems, electric drive, power electronics and energy management systems.
- Enhance collaboration between companies and research networks
- The legislative and regulatory environment should invest more in the operations of distribution system operators.
For more information about the report, click here...