Italy's largest regional utility A2A scaled back its investments aimed at cutting its carbon footprint, as volatility in energy markets prompted the company to rethink investment plans. It now plans to invest EUR16bn by 2030 to focus on circular economy and energy transition projects, rather than EUR18bn previously indicated. The regional utility had last updated its strategy for 2030 in January, when it stepped up proposed capital spending by 12.5% to EUR18bn aiming to cut its carbon footprint while targeting a core profit of EUR2.9bn at the end of the period.

Source: Reuters