Transition 5.0, Urso: 'Substantial changes, important result in the direction desired by companies'

'An important and significant result in the direction desired by businesses'. This was the comment made by Senator Adolfo Urso, Minister of Enterprise and Made in Italy, in reference to the government amendment to the Economic Manoeuvre filed today, which makes the Transition 5.0 Plan easier and more incentivising.

"There are four substantial changes on which we obtained the prior consent of the European Commission in the substantive discussion that lasted several weeks. The procedures for calculating energy consumption are simplified; the possibility of cumulation with other national and European incentives is provided for; a surcharge is included for photovoltaic panels made in Europe; and a single rate is defined for investments of up to 10 million. A strong impulse to support business investments in green innovation'.

Targeted interventions are envisaged to simplify the procedures for calculating the reduction of energy consumption, enhancing the role of ESCOs and introducing a direct procedure for the recognition of benefits in the case of replacing obsolete assets. Moreover, the plan becomes cumulative with the ZES tax credit and other facilities, including those offered by European Union programmes and instruments. A single tax rate will be envisaged for investments of up to EUR 10 million, while special attention has been paid to photovoltaic systems, whose incentive has been increased to zero the cost gap with modules and cells produced outside Europe. All the changes introduced will have retroactive effect.