Italy’s priorities on energy, competitiveness taken on board at EU summit -sources

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(ANSA) – ROME, 16 OTT – The conclusions of the European Council summit incorporated several priorities presented by Italy, particularly regarding the need to reduce energy costs, protect European industry, and address—within the framework of the ongoing revision of the ETS system—the volatility of CO₂ prices and their impact on electricity costs, premier’s office sources said on Friday. The sources said the compromise reached overnight on energy and competitiveness was in line with the the Italian-Czech discussion paper drafted ahead of the summit. The informal document proposed temporary measures to reduce the impact of the EU’s Emissions Trading System (ETS)…