The energy shock and the acceleration of transition targets
The year 2022 will be remembered as the year of the global energy crisis, with advanced economies spending as much as 17.7% of their GDP to meet energy needs. The war in Ukraine triggered a review of energy policies in Europe, culminating in the REPowerEU plan adopted by the European Commission to address the turmoil caused by the conflict between Russia and Ukraine.
of new installed capacity by 2030
share of renewables in the EU by 2030
1,1 trilliards $
invested globally in the energy transition
The Italian situation: the slowdown of the green transition
emissions per year to meet FitFor55 targets
per year of renewables to meet REPowerEU plan
renewables in electricity generation by 2030 according to the PTE (the Italian Plan for the Ecological Transition)
Drought and hydropower
In 2022 Europe faced its worst rainfall shortage in 500 years; the European Drought Observatory report states that 47% of the continent was in an alert condition, with a clear deficit of soil moisture.
compared to 2021 hydroelectric production
hydroelectric generation in Italy
CVA hydroelectric generation
CVA and the projects for the Aosta Valley
Long waits for permits and concessions
Bureaucracy hinders the development of renewable energy: permitting times in the various member states often exceed the limits set by the EU. In Italy, the photovoltaic sector is particularly affected, with the process taking an average of seven years.
years average permitting time in Italy
of solar halted by red tape
of hydroelectric concessions already expired
of concessions set to expire by 2029