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Big economies should lead energy transition - Bank of Italy

Govts must cut red tape on low-emission investments says Panetta

Redazione Ansa

(ANSA) - ROME, SEP 16 - Bank of Italy Governor Fabio Panetta said Monday that the governments of the world's largest economies "should pave the way" for an orderly transition to renewable sources of energy.
    Addressing a G7- International Energy Agency (IEA) conference that the central bank is hosting in Rome, Panetta said governments should "promote low-emission investments" and "reduce administrative and regulatory burdens" on them.
    He also said it was necessary to "avoid stop-and-go policies that create uncertainties and hold back crucial private investment". (ANSA).
   

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