Article

Banca d'Italia has launched its "Climate Transition Plan," aiming for a 90% reduction in emissions by 2050 based on 2019 levels. The plan includes measures such as replacing gas boilers with heat pumps, enhancing renewable energy use, and implementing an internal carbon pricing mechanism by 2028, alongside urban reforestation projects. Intermediate goals for 2035 target a two-thirds reduction in direct and indirect emissions, emphasizing sustainable practices and innovative energy agreements.