Italy approves $6.8 billion package for tech and green transition
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Prime Minister Giorgia Meloni’s government has given the green light to a €6.3 billion ($6.8 billion) package to support Italian industries’ technological advancement and green transition.
Under the decree announced on Monday, companies that reduce polluting emissions by at least 3% will be eligible for a tax break.
Also read: Italy will invest in Enel’s solar panel production: PM
This initiative forms part of the government’s efforts to accelerate the utilization of approximately €194 billion in post-pandemic recovery funds provided to Italy by the European Union.
Also read: EU approves 17.7 bln euro Italian state aid for power storage
The approval of the decree follows Rome’s decision to revise its spending plan for projects financed by EU funds, a move endorsed by the bloc.
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