As I also noted on 31 May, the Italian economy’s loss of competitiveness is the consequence of long-term trends; partly owing to an especially difficult international environment, the deterioration has not been halted in the last few years. It is necessary to act on several fronts and set in motion an improvement of the factors underlying growth.
The development of the taxonomy is a key initiative aimed at providing guidance on identifying economic activities that contribute to sustainable development, with special focus on addressing climate change impact. Central to the climate change mitigation goal is the need to reduce greenhouse gas concentrations by shifting fossil fuels to renewable sources.