Italy is Poised for a Renewable Energy Renaissance in 2021
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- Oct 19, 2020 8:38 pm GMTOct 19, 2020 8:42 pm GMT
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New initiatives and technologies are pushing Italy to the forefront of carbon reduction within Europe. In 2018, renewable energy accounted for 18.9% of energy in the European Union. However, renewable energy use has varied between countries, which means that some countries vastly underperform on the sustainability index.
Italy, in particular, stands to benefit from new policies focused on renewable energy. The country recently submitted an application for a 330 MW wind farm. The benefits of the renewable energy will likely drive strong economic growth. This could be a great trading opportunity for CFD traders interested in taking long positions on the Euro or purchasing energy futures in the EU.