The long-anticipated tenth Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons (RevCon), which began only two days ago, on 1 August, comes at a time of precarity within the nuclear non-proliferation regime.
Il Focus Sicurezza Energetica guarda alle principali dinamiche della Energy Politics prodottesi nel primo quadrimestre del 2022. Lo sguardo è rivolto alle ricadute della guerra in Ucraina sugli scenari energetici maggiormente coinvolti dalla crisi, con un'attenzione particolare ai segnali di riposizionamento di paesi produttori e consumatori dello spazio eurasiatico e atlantico.
The war in Ukraine and the subsequent energy decoupling between Brussels and Moscow represent the greatest challenge so far vis-à-vis Europe’s green transition. Not only has the conflict highlighted how fossil fuels are still essential to power EU industries and day-to-day life, but the scramble for alternative sources has also diverted valuable resources from investment in renewables, forcing the Union to draft contingency plans.
The transition from energy systems dominated by fossil fuels to ones based on renewable electricity and carbon-free molecules will significantly impact existing value chains and transform production to consumption lifecycles, dramatically altering interactions among stakeholders.
In a world where the population is increasingly urban, the effects of climate change are progressively reducing the availability and quality of raw material and natural resources. At the same time, disruptive events such as the Covid-19 pandemic and the war in Ukraine are calling for a rethink of self-sufficiency, local production and renewable energy, and the circular economy is coming to the fore as a key driver to help cities and regions boost future economic growth.
The Russian invasion of Ukraine, launched on 24 February 2022, has been a watershed moment in many ways. Not only it has brought large-scale conventional war back to European soil after decades of peace, but it has also disrupted a large number of trends on a continental and global scale. Among the domains worst affected by the conflict, energy – and the energy transition – features prominently, with two diverging effects.
Infrastructure’s long-term horizon, high upfront capital costs, and risk of stranded assets have all contributed to investors’ greater awareness of sustainability and climate-related risks. However, the growing interest in including ESG factors into financial decisions still falls short of meeting Paris Agreement objectives and averting a climate disaster. Therefore, how can we speed up the investment in infrastructure aligned with a sustainability transition?
The world is facing sustainability challenges and constraints due to resource depletion, wasteful and harmful production and consumption, and the emerging impacts of climate change.
In the past few weeks, the treatment of waste has been receiving increasing attention in the media further to the proposal of the Mayor of Rome to build a large waste-to-energy plant to treat some of the capital’s refuse.
Before assessing the Italian situation, we should recall that the treatment of waste, and in particular its conversion into energy, is not happening in a legislative vacuum but it is strictly regulated by European Union laws.