Increased budget for fund to support green transition (FSC 2021-2027)

The Italian government increased the Fund for Development and Cohesion (FSC 2021-2027) by EUR 500 million in August 2022, increasing the entire fund to EUR 2 billion. Through electrification, the substitution of renewable hydrogen for fossil fuels, and lower energy use, this will support investments that contribute to a reduction in direct GHG emissions. 80% of these projects are in Southern Italy, and 20% are in Central and Northern Italy.