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”.
Source: Ansa News Agency
