Overview of policy and market dynamics for the deployment of renewable energy sources in Italy: Current status and future prospects
In recent years, the international community has been strongly committed to promoting energy transition due to the various challenges presented by the global energy market. In this context, renewable sources have increasingly assumed a significant role, representing a viable solution to accelerate d...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-07-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844023046145 |
| _version_ | 1797771602312560640 |
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| author | Luca Esposito Giulia Romagnoli |
| author_facet | Luca Esposito Giulia Romagnoli |
| author_sort | Luca Esposito |
| collection | DOAJ |
| description | In recent years, the international community has been strongly committed to promoting energy transition due to the various challenges presented by the global energy market. In this context, renewable sources have increasingly assumed a significant role, representing a viable solution to accelerate decarbonization and promote diversification of energy mix. This paper examines Italian energy profile, its status, and future prospects. Policies and incentives on a European and national scale have been analysed to observe the commitment of institutions in promoting energy transition. Policies and incentives on a European and national scale have been analysed to observe the commitment of institutions in promoting energy transition. Projections on future investments (2030) and economic and employment implications have also been provided. The analysis shows that shared investments are essential to achieve climate goals in the short term and that existing plants need to be converted through the use of new, more effective, cost-efficient technologies. Thus, innovation and investments in research and development are key drivers of energy transition, and with proper management, climate change mitigation can be ensured. The analysis provides some useful implications for policymakers who should ensure tax incentives, feed-in tariffs, and clear regulation at the national and regional levels that do not hinder the deployment of renewable energy infrastructure. |
| first_indexed | 2024-03-12T21:39:59Z |
| format | Article |
| id | doaj.art-f81715f6e01d4dc88ccf26749de28aa1 |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-12T21:39:59Z |
| publishDate | 2023-07-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-f81715f6e01d4dc88ccf26749de28aa12023-07-27T05:56:27ZengElsevierHeliyon2405-84402023-07-0197e17406Overview of policy and market dynamics for the deployment of renewable energy sources in Italy: Current status and future prospectsLuca Esposito0Giulia Romagnoli1Karelian Institute, University of Eastern Finland, Joensuu, Finland; Department of Economics and Statistics, University of Salerno, Fisciano, Italy; Corresponding author.Department of Economics and Law, University of Cassino and Southern Lazio, Cassino, ItalyIn recent years, the international community has been strongly committed to promoting energy transition due to the various challenges presented by the global energy market. In this context, renewable sources have increasingly assumed a significant role, representing a viable solution to accelerate decarbonization and promote diversification of energy mix. This paper examines Italian energy profile, its status, and future prospects. Policies and incentives on a European and national scale have been analysed to observe the commitment of institutions in promoting energy transition. Policies and incentives on a European and national scale have been analysed to observe the commitment of institutions in promoting energy transition. Projections on future investments (2030) and economic and employment implications have also been provided. The analysis shows that shared investments are essential to achieve climate goals in the short term and that existing plants need to be converted through the use of new, more effective, cost-efficient technologies. Thus, innovation and investments in research and development are key drivers of energy transition, and with proper management, climate change mitigation can be ensured. The analysis provides some useful implications for policymakers who should ensure tax incentives, feed-in tariffs, and clear regulation at the national and regional levels that do not hinder the deployment of renewable energy infrastructure.http://www.sciencedirect.com/science/article/pii/S2405844023046145EnergyRenewable energy resourcesInvestmentsSustainabilityEnergy economics |
| spellingShingle | Luca Esposito Giulia Romagnoli Overview of policy and market dynamics for the deployment of renewable energy sources in Italy: Current status and future prospects Heliyon Energy Renewable energy resources Investments Sustainability Energy economics |
| title | Overview of policy and market dynamics for the deployment of renewable energy sources in Italy: Current status and future prospects |
| title_full | Overview of policy and market dynamics for the deployment of renewable energy sources in Italy: Current status and future prospects |
| title_fullStr | Overview of policy and market dynamics for the deployment of renewable energy sources in Italy: Current status and future prospects |
| title_full_unstemmed | Overview of policy and market dynamics for the deployment of renewable energy sources in Italy: Current status and future prospects |
| title_short | Overview of policy and market dynamics for the deployment of renewable energy sources in Italy: Current status and future prospects |
| title_sort | overview of policy and market dynamics for the deployment of renewable energy sources in italy current status and future prospects |
| topic | Energy Renewable energy resources Investments Sustainability Energy economics |
| url | http://www.sciencedirect.com/science/article/pii/S2405844023046145 |
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