we are late and there is little time. Here are the priorities for Italy – Corriere.it

There is no plan B, young people say about the fate of the Earth, and we will not have a second half, writes Ferruccio de Bortoli who on theEconomics of the Corriere della Sera together with Enrico Giovannini he addresses the issue of the climate emergency. The topic is not new but the solutions are not there yet. The measures taken are insufficient and the risks high, for the planet and for the economy. We cannot indulge in the illusion of first pursuing economic development objectives and then tackling environmental problems later, write de Bortoli and Giovannini. And they argue about the need to invest more in renewables. The maximum limit of global temperature increase (1.5 degrees) desirable for 2050 (compared to 1850-1900), set as a target by the Paris Agreements in 2015, will probably already be exceeded in August 2034. That tomorrow morning. And again: Any delay, however small, in reducing greenhouse gas emissions (which have grown by 50% since 1990) makes the goal of containing the increase in temperature more problematic.

The measurable impact: Italy behind Germany in economic losses caused by extreme weather events between 1980 and 2019. So we need to speed up. The difficulties in installing photovoltaic and wind power plants are known, write de Bortoli and Giovannini. But a change of pace is necessary.

This is also supported by Alessandro Garrone, executive vice president of Erg, to whom The Economy dedicate the cover. Indeed, Garrone has already made the great leap, given that Erg from an oil company has become a sustainable company entirely centered on renewable energies. The path of alternative energies is irreversible – says the entrepreneur -. The production of solar and wind power now costs less than that from fossil sources, this is the future. But if Italy wants to achieve the UN objectives it must run. Not only because it takes five years on average to authorize a wind farm, but also because tenders, at off-market prices, are deserted. Investment in renewables is one of the objectives of the Pnrr and the current national plan itself has pushed for the approval of the new procurement code by 31 March. The Economy explores the rule which on the one hand simplifies the assignment of public works, on the other reduces tenders with risk of transparency.

Among the characters of the week is Antonio Baravalle, the CEO of Lavazza: he announces the 2022 accounts (in growth) and talks about the expansion in the USA and China. There is Roberto Fiorentini, president of the company of the same name that produces healthy foods: the historic factory in Turin reopens. While in finance Edouard Carmignac talks about the expansion plans of his management company. And both the renewal of the mandate of Luigi Lovaglio, CEO of Mps, and the return of Sergio Ermotti, formerly of Unicredit, at the helm of Ubs which took over Credit Suisse, hold the table.

In the Savings section you will find the thermometer of house prices: where they will rise and where not in eight cities.