ROME—A new draft of the Italian government’s austerity budget would not eliminate the state-run energy management agency’s role as the buyer of last resort for green certificates, but would instead cut its budget by about 30 percent, lawmakers said July 9.
A budget draft released June 21 would have ended the role of Gestore Servizi Energetici (GSE) as the buyer of last resort for the certificates, which act as an incentive for the development of renewable energy projects. (See related story; 125 WCCR, 6/29/10.)
But the July 9 draft reduced GSE’s €500 million ($630 million) budget for buying the certificates by 30 percent. ...
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