Has the bubble burst for Italy's renewables market?

The recent legal changes relating to the renewables energy sector in Italy, which will retroactively cancel all industry incentives, has caused strong opposition from energy players. Catia Tomasetti and Gabriele Malgeri outline the changes

Renewables

For the past 10 years, Italian legislation on renewable energy has incentivised its development by encouraging market liberalisation and the diversification of energy sources, and promoting an agenda of energy security, energy efficiency and environmental protection.

However, in March this year, in a move that shook the Italian energy sector, the Italian Republic approved legislative decree number 28 (the ‘renewables decree'), which introduced new provisions with retroactive effect and will

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