ROMA (ITALPRESS) – On the website of the Ministry of Economy and Finance the “Report 2026 on allocation and impact – BTP Green” is published in which the operations financed through the BTP Green emissions carried out in the course of 2025 that have collected resources on the market for a total value of approximately 13,6 billion euros. These interventions, attributable to the expenditure of the State budget with positive environmental impacts, include investment projects, operating costs and tax incentive measures, classified within the six categories of expenditure contained in the “Reference framework for the issue of green State securities” of 2021.
The categories cover: production of electricity and thermal energy from renewable sources; projects for energy efficiency; sustainable modernisation in the transport sector; activities for the prevention and control of pollution and interventions aimed at promoting the circular economy; actions to protect the environment and biological diversity; research on environmental sustainability. The timeframe in which the resources were supplied covers the period 2022-2025 and the Report provides a detailed analysis of the distribution over the period, highlighting the breakdown among the above categories, type of expenditure (in capital account, current or tax incentive), the economic sector of destination and geographical area.
The most significant dimensional category is that of the energy efficiency of the buildings – mainly private and, to a more limited extent, public – realized thanks to the fiscal incentives aimed at this purpose, which, with little less than 6.2 billion euros, cover 45.2% of the total allocation. The second quantitatively revealing item is the interventions in the transport sector, which corresponds to 34.7% of the total (equal to more than 4.7 billion euros). In addition to the strengthening of railway infrastructure, through maintenance, electrification of existing lines and construction of new routes AV/AC, investments are added to the purchase of electric public transport and incentives for the renewal of the vehicle park of families and enterprises, as well as support measures aimed at promoting the modal rebalancing of the transport goods towards the railway carrier.
To protect the environment and biological diversity – including soil defence interventions, contrast to hydrogeological dissect, parks and natural reserves, water infrastructure – is allocated a share of 9.4% (almost 1.3 billion euros), while 805 million (the 5.9% of resources) has been allocated to measures to prevent and control air pollution, soil and internal and marine waters, as well as to environmental recovery and integrated waste management. Finally, 516 million euros, equal to 3.8%, were devoted to environmental sustainability research, while a share of 1.1% (almost 150 million) is represented by tax incentives for the production of electricity from renewable and self-consumption sources.
In addition to the environmental impacts, estimated in a total reduction of CO2 emissions of approximately 38 million tonnes, estimates of socio-economic impacts of financing operations were also elaborated. In terms of gross domestic product, in the short-half period (5-6 years), the impact is quantified in approximately 20 billion euros, corresponding to almost 0.9% of GDP of 2025. This increase in production corresponds to an employment fall of approximately 318 thousand jobs (ULA).
In this edition of the Report, the long-term effects – on the regime – of the interventions financed, which lead to an additional GDP of approximately 13 billion euros over the course of 10 years after the implementation of the operations themselves. Finally, as regards alignment to the requirements of EU Taxonomy (Regulation 2020/852), the analysis contained in the Report shows that the total amount of expenditure financed respects the minimum social safeguards provided for in the European Regulation. In addition, 82% of resources are intended for activities in accordance with the criteria of substantial contribution to one or more of the 6 environmental objectives of the European Union, while about 69% of the resources are also consistent with the principle of DNSH (Do No Significant Harm), ensuring that interventions do not give any significant damage to other environmental objectives.
– MEF press office photos –
(ITALPRESS).
