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In the programmatic speech with which he asked the Senate for confidence, Prime Minister Mario Draghi explained what his government’s priorities and ambitions will be, insisting extensively and in several passages on the protection of the environment and on what he called “ecological transition”. you will have a dedicated minister in your government. The attention and weight of environmental issues in the speech exceeded expectations and precedents, and included a very effective and commented phrase:
We want to leave a good planet, not just a good coin.
In his speech Draghi closely linked the environmental issue to economic development, arguing that the growth models used so far will have to change, as they have contributed to the climate crisis. He then gave a pretty clear warning to Italian companies:
The government will have to protect workers, all workers, but it would be a mistake to protect all economic activities equally. Some will have to change, even radically. And the choice of which activities to protect and which to accompany in the change is the difficult task that economic policy will have to face in the coming months.
According to Draghi, the approach to be applied in economic policy is in some aspects the same with which we must confront climate change: facilitating innovation and investments by companies that generate demand for new sustainable activities, many of which were born during the pandemic. . .
Climate change, like the pandemic, penalizes some productive sectors without there being an expansion in other sectors that can compensate. Therefore, we must be the ones to guarantee this expansion and we must do it now.
The response of economic policy to climate change and the pandemic will have to be a combination of structural policies that facilitate innovation, financial policies that facilitate the access of companies capable of growing to capital and credit, and expansive monetary and fiscal policies that facilitate investment. investment and creation. demand for the new sustainable businesses that have been created.
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