Di Maio : The transition must be accelerated against the energy crisis

Agenzia Nova

Timely action and an acceleration of the energy transition are needed against the energy crisis, said Italian Foreign Minister Luigi Di Maio in his speech today at the Group’s second ministerial meeting in Bali, Indonesia.” The spikes in energy prices, again caused by Russian aggression, not sanctions, are hindering the post-pandemic recovery. A recession could be just around the corner”, he went on to say.

“To avert an even more serious crisis we must act now” and “we must accelerate the transition of green energy towards autonomy, resilience, and respect for the environment”, he continued, emphasizing that “green energy will be the key to pursuing sustainable development”.

Di Maio also recalled that Italy has signed new partnerships with energy producers, relaunching old ones; approved financial aid for businesses and households, and supported the idea of a ceiling on energy sources to reduce volatility and protect consumers.