Stefano Venier, CEO of SNAM Spa, delivered the Commencement Speech at the Executive MBA in Business Innovation Graduation Ceremony.
Snam Spa is the Europe’s leading operator in natural gas transport and storage, with an infrastructure enabling the energy transition. It ranks among the top ten Italian listed companies by market capitalization.
The Energy sector is going through a major crisis, due to tight supply, skyrocketing prices and a profound change in market dynamics.
Even before the most recent price spikes, energy poverty affected around 10pc of the EU's population. High energy prices are affecting the competitiveness of our companies.
However, out of these enormous threats can emerge unprecedented opportunities, particularly if traditional approaches and paradigms in energy management will be questioned and challenged.
Opportunities for EU, born in the middle of last century to provide a common policy on coal and steel, has started to become an energy union too: during a crisis, incentives and motivations change, potentially leading to new cooperative behaviors and even to the creation of a new stronger European system.
Opportunities for the Mediterranean region, particularly for Italy: the international context is accelerating a reshaping of Italy's political and economic landscape regarding the energy sector. Italy is asserting its influence as an energy hub for Europe, thanks to its Mediterranean Pipelines and the development of new regasification capabilities for LNG, which will have an increasing and crucial importance in the energy transition.
Italy will play a decisive role also for its richness of ample renewable resources.
The third and most important opportunity presented by the current crises is the forced acceleration toward green alternatives and renewable power. Fossil fuel use could rise in the short term to secure a stable supply, but in the medium term, high prices for fossil fuels will themselves seep up a rapid transition to green alternatives, also required for ensuring higher energy independence. The new technologies will contribute significantly already by 2030. The most recent edition of the Snam - Terna scenarios sees electric renewables at 65% of the power mix by 2030, and renewable gases at 11% of the gas mix.
But speeding up is necessary to reach the Net Zero Emissions scenario by 2050: major efforts are vital this decade for new technologies to reach large-scale markets as soon as possible.
From governments to individuals, all of us should do our part to turn the energy crisis into a challenge and opportunity to win the new Energy Paradigm for our planet's future!
Snam Spa is the Europe’s leading operator in natural gas transport and storage, with an infrastructure enabling the energy transition. It ranks among the top ten Italian listed companies by market capitalization.
The Energy sector is going through a major crisis, due to tight supply, skyrocketing prices and a profound change in market dynamics.
Even before the most recent price spikes, energy poverty affected around 10pc of the EU's population. High energy prices are affecting the competitiveness of our companies.
However, out of these enormous threats can emerge unprecedented opportunities, particularly if traditional approaches and paradigms in energy management will be questioned and challenged.
Opportunities for EU, born in the middle of last century to provide a common policy on coal and steel, has started to become an energy union too: during a crisis, incentives and motivations change, potentially leading to new cooperative behaviors and even to the creation of a new stronger European system.
Opportunities for the Mediterranean region, particularly for Italy: the international context is accelerating a reshaping of Italy's political and economic landscape regarding the energy sector. Italy is asserting its influence as an energy hub for Europe, thanks to its Mediterranean Pipelines and the development of new regasification capabilities for LNG, which will have an increasing and crucial importance in the energy transition.
Italy will play a decisive role also for its richness of ample renewable resources.
The third and most important opportunity presented by the current crises is the forced acceleration toward green alternatives and renewable power. Fossil fuel use could rise in the short term to secure a stable supply, but in the medium term, high prices for fossil fuels will themselves seep up a rapid transition to green alternatives, also required for ensuring higher energy independence. The new technologies will contribute significantly already by 2030. The most recent edition of the Snam - Terna scenarios sees electric renewables at 65% of the power mix by 2030, and renewable gases at 11% of the gas mix.
But speeding up is necessary to reach the Net Zero Emissions scenario by 2050: major efforts are vital this decade for new technologies to reach large-scale markets as soon as possible.
From governments to individuals, all of us should do our part to turn the energy crisis into a challenge and opportunity to win the new Energy Paradigm for our planet's future!
