In Italy, Snam announced its 2050 Net Zero transition plan to decarbonize the energy system, leveraging its key role in the development of transition activities: biomethane, hydrogen, carbon capture and storage and energy efficiency. These efforts are supported by a solid investment program of 26 billion euros for the period 2023-2032. The first part from 2023 to 2027, with 11.5 billion euros (net of public funding), is focused on maintaining the reliability and resilience of assets worldwide, combined with the simultaneous reduction of their carbon footprint. In the long term (2028-2032), overall investment opportunities will amount to 14.5 billion euros (net of public funding) to support the evolution of the energy system, including the repurposing of existing infrastructures towards a multi-molecule system. In particular, the scale-up of the H2 backbone and the Ravenna CCS project, together with the acceleration of the development of dual-fuel compressor stations, will lead to a significant increase in EU taxonomy-aligned capex from 37% (2023-2027) to 52% (2028-2032).
