Recovery, Perrazzelli (Bankitalia): ‘From EU support, stimulus to renew production systems’

“The policies in support of the ecological and digital transition that are the basis of the European strategy will offer strong incentives to renew production systems, with the adoption of new technologies, the development of new productions and the investment in the skills necessary to face the change. “. This was stated by Alessandra Perrazzelli, Deputy Director General of the Bank of Italy, in a speech at the ‘Future forward: Italy and the future of trade’ event, organized by Economist with the support of Philip Morris International. “A window of opportunity has opened to raise the quality of the production system and public action to the levels necessary for relaunching productivity. In this context, the contribution of the financial sector is fundamental, which must be ready to channel resources in the direction right, taking the opportunity of transformation, but which must also prepare to manage the risks that climate issues bring with them “, continued Perrazzelli.” The regulatory and supervisory authorities – he added – can define the framework of rules to supporting the ability of banks and other financial institutions to face the challenges associated with the ESG sustainability objectives “. “The fight against climate change is a global challenge to be placed at the center of national and international policies. The objectives to be achieved by and around the middle of the century require an extraordinary amount of investment to radically change the way we produce, transport and use ‘energy “, he concluded.