By 2030, Rome is expected to install an estimated 70 gigawatts of green energy capacity. But due to lengthy permitting duration, Italy is installing 0.8 gigawatts only every year, according to a report by Reuters. Italy is set to implement tight measures to streamline the authorization procedure of clean energy projects.
Italy’s previous energy plan unveiled in 2019 revealed it would generate 65 gigawatts of clean energy capacity within ten years. However, the complex permitting process is slowing down the rollout of renewable energy schemes. It also jeopardizes efforts to obtain the EU’s recovery funds and meet climate goals. Moreover, Brussels has reinforced its targets on carbon emissions since then, forcing many states to reevaluate their climate objectives. Below are ways countries, including Italy, can boost the use of more renewable energy.
1. Get rid of fossil fuel subsidies
Subsidy reforms on fossil fuels plus carbon pricing can generate about 2.8 trillion dollars every year in government revenue by 2030. The report by the New Climate Economy also reveals that implementing carbon pricing systems can be effective in supporting just energy transition.
Governments can use the revenue generated from carbon pricing to provide citizens, especially the poor and groups affected by structural changes, with rebates or tax cuts. This step will also help showcase the value of renewables and energy efficiency, thus discouraging investors from investing in fossil fuels.
2. Improve access to greener energy
Typically, government authorities make assumptions of how much households living with low-incomes can afford for clean energy. As a result, they end up settling for subsidized fossil fuel-powered centralized grid systems. Instead, governments should provide clean and better energy to all, as Freedom Solar states, empower everyone to access clean, affordable, and reliable energy.
One way to achieve this goal is by investing more in building markets that provide the poor and small businesses opportunities to utilize renewables more often.
3. Encourage investing in energy efficiency
While innovative financing to enhance energy efficiency in buildings boosts economic growth, countries need to rethink and expand their policies. Doing so will help investment in renewables to flow. Some ways of enhancing energy efficiency investments include establishing standards for appliance and building efficiency, innovative funding options, and improved public procurement.
In recent years, countries worldwide are paying more attention to clean energy. However, fossil fuels still account for about 80% of energy consumption globally and 75% of carbon emissions. That’s because of obstacles, such as complex deployment environments for renewable energy schemes and soft costs. Fortunately, governments can boost the adoption of clean energy by eliminating fossil fuel subsidies, encourage energy efficiency investment, and improve access to green energy.