More green in italian economy and finance

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Italy excels in Europe in green economy field, but its actions get “hidden” on European expertise’ eyes. In the comparison with the most important UE markets – France, Germany, Spain and (United Kingdom) – Italy distinguished in renewable, waste management/circular economy and high quality agricultural production’ sectors. During the 2015, in Italy, energy’ consumptions were covered by renewable for 17,5%, exceeding France, Germany and GB’ registered values. Moreover, in the last years obtained important targets about energy efficiency and in resources’ efficient use, recording a growing decoupling between GDP’ increase and raw material’ use.

FUNDATION FOR THE SUSTAINABLE DEVELOPMENT’S REPORT

Is the scenario drafted by the “Relation about the 2016 green economy’ status – Italy’s outlook for 2017” showed by the Fondazione per lo Sviluppo Sostenibile yesterday in Rome during “Lights on sustainability”, fostered by ING Italia to celebrate its ten years’ task in renewable’ sector.

BANKING WORLD’ CONTRIBUTION AND ING DIRECT ITALIA’S EXAMPLE

Positive outcomes arrive even from the growing banking and financing’ branch participation, exhibiting a bent to reduce risks linked to investments on polluting technologies. ING Direct’ wholesale banking division, for example, in the last ten years, reached an about 600 euro millions exposure to the sector. At the end of 2016, Sustainable Real Estate Financing area’s total exposure was 520 euro millions, same at total portfolio’ 30%. These results made it reach, in 2016, the first place between 395 banks in Sustainalytics’ rank and 90 on 100 score in Dow Jones Sustainability Index (DJSI).

REPORT’ SHADOWS

The report underlines some tangles to untie too. Internationally our Country detected not by experts and decision makers as “enough green”: positions itself at place 29th on 80 countries, serving, underlines the report, deficit on some specific aspects, among which leadership and climatic change. It reaches place 15th, instead, about effective performances.

 

 

 

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