Energy

Risk of the energy transition is that it only benefits a few, CEO says

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The coronavirus pandemic has sped up a transition in the energy industry, according to the CEO of Italian energy firm Enel, but a number of issues need to be addressed to ensure change takes place in a measured manner.  

In a wide-ranging interview with CNBC’s “Squawk Box Europe” Tuesday, Francesco Starace was asked about the “energy transformation” and how the pandemic had changed the landscape. 

“The way in which, for example, the EU has decided to take the exit route out of the crisis is to accelerate this renewable energy and this energy transformation,” he explained.

“I would say it’s a transition rather than transformation,” he added. “It’s a big change that affects not only the…



Source cnbc.com

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