AGP Executive Report
Last update: 11 hours agoEU Carbon Policy: The European Commission has proposed an overhaul of the EU Emissions Trading System, easing the emissions cap and extending the scheme while pushing governments to spend half of ETS revenues on decarbonising local industry—moves aimed at protecting competitiveness but drawing warnings that weakening the ETS could punish early movers. Carbon Pricing Pushback: Ten EU member states, including Italy, are urging Brussels to rethink ETS2 for transport and heating fuels, arguing it risks new climate taxes on households and should be handled directly in the ETS review. Italy Energy Supply: Italy’s crude imports in early 2026 show Libya staying on top, taking 26.8% of volumes in the first four months, ahead of Azerbaijan and Kazakhstan. Power Storage in Italy: Sonnedix has acquired a 260MW battery storage portfolio in Italy, adding to the country’s fast-growing grid-scale storage pipeline. Olympic Marketing Enforcement: Italy’s competition authority fined six companies €2.5m over ambush marketing tied to the Milano Cortina Winter Olympics. Oil Prices: Azerbaijan’s Azeri Light crude rose to $91.50/bbl at Italy’s Augusta port, up $2.68.
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