Decree of 18 December 2008

Finance Law 2008

Law passed

Decree passed

Last Amendment

<p>The 2008 Finance Law includes new measures relating to the production of electricity from renewable energy sources. In particular, it allows small renewable plants (1 MW and  200 kW for wind plants) commissioned after 1 January 2008 to choose between green certificates and a feed-in tariff mechanism (called 'all inclusive tariff') for an incentive period of 15 years. Both green certificates and all-inclusive tariffs are differentiated by renewable energy source. Decree of 18 December 2008 brought implementation details. It introduces two main support mechanisms: Green Certificates and a fixed all-inclusive feed-in tariff (tariffa onnicomprensiva), with eligibility and remuneration levels depending on the renewable source and plant size. The decree defines the conditions, procedures and technical rules for accessing incentives, including plant qualification through the GSE, and sets thresholds for mechanisms such as net metering (scambio sul posto), thereby promoting the deployment of non-solar renewable energy generation in Italy.</p>

Law 245/2007 (Finance Law 2008), implemented by Decree of 18 December 2008

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

This sector involves the wholesale and retail selling of goods.

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

Tradable permits are market-based tools that grant permission for specific activities, frequently used to regulate emissions. These permits can be issued within a trading system to manage environmental impacts.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Electrical energy generated from mechanical devices driven by flowing fresh water.

Activities that involve planning, designing and building infrastructure, residential, and commercial structures.

Production of electricity and heat from solar irradiation.

Kinetic energy of airflow transformed into useful energy, mostly electrical energy.

This sector includes firms and individuals offering specialised expertise in fields such as law, accounting, consulting, science and engineering.

Energy derived from biological compounds that are renewable due to their short life cycle within the carbon dioxide cycle.

Compulsory, required payments to the government that are levied more-or-less in proportion to the services provided. Fees and charges range from entrance fees to national parks, charges on land-based sewage discharge.

The activities of industries involved in the production, distribution, and sale of energy, including electricity, gas, and renewables.

Actions or measures to adapt freshwater, coastal and marine systems to climate change.

Actions or measures to adapt freshwater systems to climate change.

Heat extracted from the ground, usually in the form of hot water or steam and typically referred to as hydrothermal fluid.

Activities of government agencies and institutions that provide public services, enforce laws and manage public resources.

The release of heat-trapping gases, primarily from human activities such as burning fossil fuels, agriculture and industry.

This sector involves managing waste treatment, sanitation, pollution control and environmental cleanup.

Fossil gas, commonly known as natural gas, is a fossil fuel consisting chiefly of methane with smaller amounts of other hydrocarbons and trace gases, found in underground deposits.

<p>The 2008 Finance Law includes new measures relating to the production of electricity from renewable energy sources. In particular, it allows small renewable plants (&lt;1 MW and &lt; 200 kW for wind plants) commissioned after 1 January 2008 to choose between green certificates and a feed-in tariff mechanism (called 'all inclusive tariff') for an incentive period of 15 years. Both green certificates and all-inclusive tariffs are differentiated by renewable energy source. Implementation details are provided in Decree of 18 December 2008</p>


Decree of 18 December 2008

Policy instrument

Renewable energy

Fossil fuel

Greenhouse gas

Economic sector

Adaptation/resilience

Finance