Italy - Catalogue Environmentally Harmful and Favourable Subsidies

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Italy commits to the preparation of a catalogue of environmentally harmful subsidies and environmentally favourable subsidies. The document to support the implementation of this commitment derived from the European Commission Communication “Europe 2020 - A strategy for smart sustainable and inclusive growth”; the “European semester” recommendations of the European Parliament and Council; and the OECD 2013 Environmental Performance Review of Italy. Subsidies are intended as part of the commitment and include, among others: tax expenditures; incentives; benefits; subsidised loans; and tax exemptions with an impact on the environment. The commitment falls under focus area 2 to promote the internalisation of negative externalities and sustainable use of natural capital. The commitment intends to phase out environmentally harmful subsidies and restructure environmental favourable subsidies.

The commitment falls under focus area 2 of the Batumi Initiative to promote the internalisation of negative externalities and the sustainable use of natural capital. 

Implementing partners include Institute for the Protection and Environmental Research (ISPRA), National Statistical Institute (ISTAT), Bank of Italy, ministries, regions and local authorities, universities, and other research centres.

The commitment is relevant to SDGs 2, 6, 7, 8, 9, 11, 12, 13, 14 and 15.