Tuesday, 16 February 2021

Italy Gets Green Super Ministry Climate Change

 Italian Prime Minister Mario Draghi put climate change at the center of his management of the Italian plan. He created a super ministry to ensure that the transition to green energy drives the country's recovery. The purpose of setting up the Super Department is to make full use of EU funds on climate change.


Highlights:
♦ In the first step, the Prime Minister will redraft Italy's recovery plan.
♦ Italy’s recovery plan must be submitted to the European Commission by April 2021 to obtain more than 200 billion euros (240 billion US dollars) in funding.
♦ This amount is needed in order for the country to revive the economy hit by the recession during the COVID-19 pandemic.
♦ According to the EU agreement, 37% of the 200 billion euros must be transferred to the transition to a low-carbon economy.
♦ Mario Draghi: Mario Draghi was former President of the European Central Bank. He was formally sworn in as Italy’s new prime minister on February 13, 2021, when the country experienced a fatal coronavirus pandemic and severe economic recession. From the left to the far-right alliance of Salvini, the Prime Minister has the support of the Rainbow Alliance.
♦ Italian government crisis: This political campaign started in Italy in January 2021 and ended in February 2021 after Mario Draghi was sworn in as prime minister. The Italian government crisis included the announcement of the withdrawal of IV support for the Giuseppe Conte government. The announcement was made by the leader of Italy's Viva (IV) and former Italian Prime Minister Matteo Renzi.
♦ Hung Parliament 2018: The 2018 general election produced a suspended parliament in Italy. After several negotiations and negotiations, the Centrist Five-Star Movement (M5S) and the Right-wing Alliance formed a coalition government on June 1, 2019.

No comments: