Italy’s CDP and MIMIT Sign Agreement to Foster Energy Transition through InvestEU
Rome, January 17, 2025
Italy’s Cassa Depositi e Prestiti (CDP) and the Ministry of Infrastructure and Transport (MIMIT) have reached an agreement to leverage the InvestEU program to accelerate the country’s energy transition.
The agreement aims to support investments in renewable energy, energy efficiency, and sustainable mobility. These sectors are crucial for Italy to achieve its ambitious climate goals and promote economic growth.
CDP, Italy’s national development bank, will act as the implementing partner for InvestEU in the country. It will provide financial support and technical assistance to project promoters, particularly small and medium-sized enterprises (SMEs).
MIMIT, responsible for transportation and energy infrastructure, will collaborate with CDP to identify and prioritize projects aligned with Italy’s energy transition strategy. The ministry will also facilitate the implementation of these projects through regulatory support and coordination with other public entities.
The InvestEU program is a European Union initiative that provides funding for strategic investments across various sectors, including energy, transportation, and digital infrastructure. It aims to mobilize private capital and enhance EU-level economic integration.
Under the agreement, Italy is expected to receive a significant allocation of funds from InvestEU. These funds will be used to support projects that contribute to the following:
- Renewable energy production: Investment in solar, wind, and other renewable energy sources to reduce reliance on fossil fuels.
- Energy efficiency improvements: Upgrades to buildings, industrial processes, and transportation systems to reduce energy consumption and emissions.
- Sustainable mobility: Development of public transportation infrastructure, electric vehicle charging stations, and alternative fuel technologies.
The agreement between CDP and MIMIT is a significant step in Italy’s efforts to transition to a low-carbon economy. It provides a framework for leveraging EU funding to mobilize private investment and accelerate the country’s progress towards its climate goals.
The collaboration between these two key institutions is expected to enhance the efficiency and effectiveness of Italy’s energy transition efforts, contributing to economic development, environmental sustainability, and a more prosperous future for the country.
InvestEU, intesa tra CDP e MIMIT per favorire la transizione energetica
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