Italy sets up fight with Brussels over carbon costs
Rome wants to lower electricity prices by reimbursing gas plants for the price of buying EU emissions permits
Rome wants to lower electricity prices by reimbursing gas plants for the price of buying EU emissions permits

Member states, including Italy, make last-minute push to delay carbon pricing and outsource emissions cuts

Reforms to EU emissions trading system come after pressure from some member states such as Austria and Italy

France and Italy are monitoring petrol prices for evidence of price gouging

The country has shown investors what happens when political stability, fiscal credibility and industrial strengths are aligned

Excessive spending to cushion soaring prices would have ‘serious fiscal implications’, says economy commissioner

Potential changes come as part of broader review into bloc’s landmark measure next month