Italy’s $30 Billion Green Energy Shift?

What’s shaking in the world of green? Italian PM Giorgia Meloni may have some plans to be more environmentally-friendly. In November 2023, the Meloni administration is said to have given the green light for a $30 billion plan. This is said to be to champion green investments and curb energy costs for the industrial sector. Italy is said to have reserved about $385 million every year till 2032 to fund projects. This would be to address local opposition to renewable plant installations. And there may be certain maritime areas in South Italy that may be devoted to off-shore wind projects. Maritime areas are ocean or sea areas and in this case, Italy owns these areas. Italy may install and operate wind turbines in these places to generate electricity. Also, there may be a framework to develop carbon capture and storage facilities.

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