USD 73.2157

-0.39

EUR 86.4092

-0.63

BRENT 44.95

0

AI-92 43.33

0

AI-95 47.57

0

AI-98 53.02

+0.01

Diesel 47.93

0

50

Enslaved By The Agreement

The Italian government and private companies will have to invest...

The Italian government and private companies will have to invest between Eur3-bil and Eur14-bil to produce cleaner power to comply with the Kyoto agreement.

There are four technological and investment scenarios with different reductions of surplus carbon dioxide. Under the least expensive Eur3-bil option, Italy would substitute a total of 4,748MW by converting oil, gas and coal plants to cogeneration, combined- cycle and renewable plants. Under the most expensive Eur14-bil scenario, 23,573MW would be substituted with new plants.

Italy must cut emissions by 6.5% by 2012 with respect to 1990 levels.