Italy to seek to boost renewables generation share to 38% by 2020
(SeeNews) – Oct 17, 2012 – Italy will aim to boost renewable energy power generation to some 36%-38% by 2020 as part of its National Energy Strategy approved by the government yesterday.
Under the plan, in 2020 the largest share of electricity consumption should come from renewable energy sources.
Furthermore, Italy will aim to have 14% of its energy demand met by domestic production by 2020, up from 7% at present, reducing imports to 67% of its energy needs from the current 84%. This is seen to cut Italy's energy import bill by EUR 19 billion (USD 25bn) annually.
By boosting energy efficiency Italy will seek to reduce primary energy consumption by 24%, which is expected to allow the country to meet and even exceed the targets set in the European Union energy strategy for 2020, the so-called 20-20-20 agenda, including the reduction of greenhouse gas emissions.
(EUR 1 = USD 1.310)