Latest news with #PichettoFratin
Reuters
22-05-2025
- Business
- Reuters
Italy fully supports EU efforts to stop Russian gas imports by 2027
ROME, May 22 (Reuters) - Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers. Italy last year imported a small quantity of Russian gas which was mainly exported to Austria, the minister said, adding that the country was now independent from supplies coming from Moscow. "Italy fully supports the effort," Pichetto Fratin told a news conference in Rome, speaking alongside Teresa Ribera, the European Union's competition commissioner. The EU said this month it would propose legal measures to phase out imports of Russian gas and LNG by the end of 2027, ending a decades-old energy relationship which crumbled after Moscow's invasion of Ukraine in February 2022. During a visit to Washington in April, Italian Prime Minister Giorgia Meloni discussed with U.S. President Donald Trump a potential increase in Italian imports of liquefied natural gas from the U.S. Pichetto said any such purchase should be based on competitive prices. "The fact that we have increased regasification capacity means that there is room to buy more LNG if it is competitive compared with (gas arriving via) pipeline," Pichetto said. He added, however, that U.S. LNG was currently being offered at high prices when it reaches Europe. "How is it possible that American gas leaves the shores of Florida at $10-12 per megawatt hour (MWh)," he said. " .... (and) it arrives on the shores of Portugal at $36 per MWh? This is part of bargaining between private operators and not between states".
Yahoo
01-03-2025
- Business
- Yahoo
This country just reversed a 40-year ban that could change the future of nuclear energy: 'A crucial choice'
Italy's Energy Minister, Gilberto Pichetto Fratin, is taking a no-nonsense approach to the country's stance on nuclear energy, stating to Reuters: "Italy is ready to return to nuclear power, a crucial choice that will not replace renewables but will complement them." It's an interesting reversal, especially considering Italy's blanket ban on nuclear energy that's been in place for nearly four decades. Thanks to the Three Mile Island meltdown and the Chernobyl disaster, public pressure helped force the move back in the mid-1980s. The entertainment industry and long-term public perceptions have done much to restrict the advancement of nuclear energy, despite the level of safety measures and protective technologies that exist today. Italy's estimates are staggering, even if nuclear energy is only a little over one-tenth of the country's energy infrastructure. Over the next 25 years, upward of €17 billion ($17.8 billion) is the estimated savings in decarbonization costs. Stateside, the nuclear energy sector is looking up. The Inflation Reduction Act offers significant incentives via nuclear energy production tax credits for existing facilities. The Bipartisan Infrastructure Law allocates funding for small, modular nuclear reactor technology demonstrations. The ADVANCE Act enhances U.S. civil nuclear leadership, strengthening the supply chain, and easing the licensing requirements for advanced nuclear technologies. Lastly, the Nuclear Fuel Security Act is fueling (pun intended) domestic enrichment capabilities. Clean energy technology is a must, especially with 60% of the U.S. and 80% of the world relying on dirty energy sources as of 2023. A single kilogram of uranium-235 can theoretically generate 2,000,000 times more energy than a kilogram of coal, without the pollution. Nuclear also has an operating capacity of over 90%, while coal sits somewhere between 60% and 70%. Honestly, it's kind of a no-brainer, with the largest resisting force being the perceptions of the people and, in many instances, the dirty energy industry. Some dirty energy companies have diversified into nuclear or renewable energies, likely reading the writing on the wall. What's your biggest concern about nuclear energy? The possibility of meltdowns The waste it creates The way reactors look No concerns here! Click your choice to see results and speak your mind. As far as Italy is concerned, there is already a degree of coordination with the U.S. Westinghouse proposed utilizing old Italian nuclear sites to facilitate the construction of the aforementioned small, modular reactors. Of course, things are still in the planning and talking stage, so it remains to be seen. In the meantime, a greener future is reliant on partnerships, cooperation on which Pichetto Fratin was clear: "The scale of investment in nuclear power requires cooperation with several international players." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Local Italy
01-03-2025
- Business
- Local Italy
Italy breaks 'taboo' with push to revive nuclear
Prime Minister Giorgia Meloni's hard-right government says nuclear could play a key role in increasing energy security, as well as slashing Italy's carbon emissions and sky-high electricity prices. Energy Minister Gilberto Pichetto Fratin has set a 2026 deadline to draw up a legal framework for everything from traditional reactors to next-generation technologies. "With the latest generation of nuclear power, together with renewables, we will be able to achieve the objectives of decarbonisation, guaranteeing the country's full energy security," Pichetto Fratin said on Friday. But opponents say nuclear is much more costly than other low-carbon energies, takes years to implement and gives policymakers an alibi to slow the phase-out of gas, a fossil fuel driving climate change. In neighbouring France, which boasts one of the globe's largest nuclear power programmes, the latest, new-generation plant cost four times the initial estimate and came online 12 years behind schedule. Luca Bergamaschi from Italy's ECCO climate think tank told AFP that "in the best-case scenario, Italy could not have nuclear power before 2035". 'Taboo' Italy used to be a pioneer in nuclear power but Italians voted overwhelmingly against it after the 1986 Chernobyl disaster, triggering a phase-out. The last reactors shut in 1990 and attempts by Rome to revive the sector were stymied by another referendum in 2011 following the Fukushima accident. Nor does Italy have a national repository for nuclear waste, as over 50 proposed sites have refused to host it. Energy consultant Simona Benedettini welcomed moves to break the "taboo" around nuclear and said Italy still boasts top-class researchers in the field it can draw on. In addition to covering traditional fission reactors, the new legal framework will also cover research, development and use of fusion energy. It will also cover the dismantling of old plants, management of radioactive waste and spent nuclear fuel. Italy had four nuclear reactors, all of which have been defueled and are being decommissioned. No specific new sites or projects have been identified but the energy minister says nuclear power would also be used for hydrogen production, to help decarbonise Italy's most energy-intensive sectors, such as steel. The ministry will fund investments to the tune of 20 million euros ($21 million) a year from 2027 to 2029, Pichetto Fratin said. Talks are already underway between energy group Enel, engineering company Ansaldo and defence company Leonardo to set up state-backed company to build small modular reactors (SMRs), he said. SMRs are advanced nuclear reactors that have about one-third of the generating capacity of a traditional nuclear power reactor. Designed to be built in factories, they offer the promise of being cheaper to produce and quick to build, but are still experimental. 'Geopolitical risk' Italy is not alone in flirting with nuclear power again. Since gas prices spiked with the Ukraine war, global interest in the sector is at its highest since the oil crises in the 1970s, according to the International Energy Agency. Britain said in February it was changing laws to speed up the country's rollout of mini-nuclear reactors. But Beatrice Petrovich, senior energy analyst at climate think tank Ember, said focusing on nuclear in Italy "risks being counterproductive". New nuclear "is more expensive than wind and solar and takes longer to commission and install", while policymakers should be looking at storage and enhanced power grids for renewables instead, she said. "Nuclear would also introduce an additional reliance on foreign fuel", namely uranium, "which could pose real geopolitical risk", she told AFP. Some 81 percent of Italians are still anti-nuclear, according to an Ipsos poll from November - and critics are already mobilising support for a potential new referendum. But businesses hope it could be a way to slash electricity costs, which are much higher in Italy than some of its EU neighbours, in part due to its reliance on gas. Just over 50 percent of Italy's electricity generation mix in 2024 was fossil power, according to Ember. In a 10-year energy and climate plan published last year, Rome said it aims to install enough nuclear capacity by 2050 to generate between 11 percent and 22 percent of the power it uses. It said that could be done using mainly SMRs, but also fusion power plants - a technology Meloni has said is a "game changer", but which is still highly experimental. 'Greenwashing' Emanuele Orsini, the head of Italy's business lobby Confindustria, has called for old reactors to be "reactivated". He has also suggested local communities' opposition to new sites could be bypassed by companies housing SMRs in-house. But Bergamaschi, from the ECCO think tank, said there were so many legal, technical and political hurdles to nuclear power that "it will most likely never arrive" in Italy. He said the narrative of reviving nuclear was being pushed by firms that want government support to develop and sell new technologies. The idea also benefits those who "want to slow down the deployment of cheaper renewable generation, storage and grid in the power sector, to protect the market share and profits of gas". Meloni's hard-right government has proved lukewarm on renewables, instead seeking to transform Italy into a "gas hub" for the Mediterranean. Focusing on nuclear allowed ministers to appear committed to low-carbon energy while sticking with fossil fuels, Bergamaschi argued, saying that "as far as Italy is concerned, for all practical reasons, nuclear power is greenwashing".
Yahoo
28-02-2025
- Business
- Yahoo
Italy breaks 'taboo' with push to revive nuclear
Italy's cabinet opened the door Friday to a return to nuclear power, aiming to overturn nearly 40 years of opposition -- though experts say any revival is at least a decade away. Prime Minister Giorgia Meloni's hard-right government says nuclear could play a key role in increasing energy security, as well as slashing Italy's carbon emissions and sky-high electricity prices. Energy Minister Gilberto Pichetto Fratin has set a 2026 deadline to draw up a legal framework for everything from traditional reactors to next-generation technologies. "With the latest generation of nuclear power, together with renewables, we will be able to achieve the objectives of decarbonisation, guaranteeing the country's full energy security," Pichetto Fratin said on Friday. But opponents say nuclear is much more costly than other low-carbon energies, takes years to implement and gives policymakers an alibi to slow the phase-out of gas, a fossil fuel driving climate change. In neighbouring France, which boasts one of the globe's largest nuclear power programmes, the latest, new-generation plant cost four times the initial estimate and came online 12 years behind schedule. Luca Bergamaschi from Italy's ECCO climate think tank told AFP that "in the best-case scenario, Italy could not have nuclear power before 2035". - 'Taboo' - Italy used to be a pioneer in nuclear power but Italians voted overwhelmingly against it after the 1986 Chernobyl disaster, triggering a phase-out. The last reactors shut in 1990 and attempts by Rome to revive the sector were stymied by another referendum in 2011 following the Fukushima accident. Nor does Italy have a national repository for nuclear waste, as over 50 proposed sites have refused to host it. Energy consultant Simona Benedettini welcomed moves to break the "taboo" around nuclear and said Italy still boasts top-class researchers in the field it can draw on. In addition to covering traditional fission reactors, the new legal framework will also cover research, development and use of fusion energy. It will also cover the dismantling of old plants, management of radioactive waste and spent nuclear fuel. Italy had four nuclear reactors, all of which have been defueled and are being decommissioned. No specific new sites or projects have been identified but the energy minister says nuclear power would also be used for hydrogen production, to help decarbonise Italy's most energy-intensive sectors, such as steel. The ministry will fund investments to the tune of 20 million euros ($21 million) a year from 2027 to 2029, Pichetto Fratin said. Talks are already underway between energy group Enel, engineering company Ansaldo and defence company Leonardo to set up state-backed company to build small modular reactors (SMRs), he said. SMRs are advanced nuclear reactors that have about one-third of the generating capacity of a traditional nuclear power reactor. Designed to be built in factories, they offer the promise of being cheaper to produce and quick to build, but are still experimental. - 'Geopolitical risk' - Italy is not alone in flirting with nuclear power again. Since gas prices spiked with the Ukraine war, global interest in the sector is at its highest since the oil crises in the 1970s, according to the International Energy Agency. Britain said in February it was changing laws to speed up the country's rollout of mini-nuclear reactors. But Beatrice Petrovich, senior energy analyst at climate think tank Ember, said focusing on nuclear in Italy "risks being counterproductive". New nuclear "is more expensive than wind and solar and takes longer to commission and install", while policymakers should be looking at storage and enhanced power grids for renewables instead, she said. "Nuclear would also introduce an additional reliance on foreign fuel", namely uranium, "which could pose real geopolitical risk", she told AFP. Some 81 percent of Italians are still anti-nuclear, according to an Ipsos poll from November -- and critics are already mobilising support for a potential new referendum. But businesses hope it could be a way to slash electricity costs, which are much higher in Italy than some of its EU neighbours, in part due to its reliance on gas. Just over 50 percent of Italy's electricity generation mix in 2024 was fossil power, according to Ember. In a 10-year energy and climate plan published last year, Rome said it aims to install enough nuclear capacity by 2050 to generate between 11 percent and 22 percent of the power it uses. It said that could be done using mainly SMRs, but also fusion power plants -- a technology Meloni has said is a "game changer", but which is still highly experimental. - 'Greenwashing' - Emanuele Orsini, the head of Italy's business lobby Confindustria, has called for old reactors to be "reactivated". He has also suggested local communities' opposition to new sites could be bypassed by companies housing SMRs in-house. But Bergamaschi, from the ECCO think tank, said there were so many legal, technical and political hurdles to nuclear power that "it will most likely never arrive" in Italy. He said the narrative of reviving nuclear was being pushed by firms that want government support to develop and sell new technologies. The idea also benefits those who "want to slow down the deployment of cheaper renewable generation, storage and grid in the power sector, to protect the market share and profits of gas". Meloni's hard-right government has proved lukewarm on renewables, instead seeking to transform Italy into a "gas hub" for the Mediterranean. Focusing on nuclear allowed ministers to appear committed to low-carbon energy while sticking with fossil fuels, Bergamaschi argued, saying that "as far as Italy is concerned, for all practical reasons, nuclear power is greenwashing". ide/ar/ico/rl
