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A new brand identity, a record-breaking 2017 and an innovative study on the various uses of gas as a source of sustainable energy. Find out how the CDP Reti subsidiary is changing our energy infrastructure
Changing identity in order to face the challenges posed by an increasingly competitive and global market as effectively as possible: this is the spirit with which Snam, a CDP Reti subsidiary, celebrated its 75th birthday, giving itself an entirely new look - one that is more modern and in line with the company's mission. The new branding reflects the transformation that has led the biggest gas utility company in Europe to engage increasingly in sustainable development in the areas in which it operates, adopting energy efficiency measures and techniques and promoting the use of renewable gas as a key resource for the green economy.
After a record-breaking 2017, with results which demonstrate a significant increase in both revenues and profits, the company decided to review the main goals as set out in the 2017-2021 Business Plan. With returns expected to be greater than the sums presented last year, Snam has decided to redistribute its investments, channelling these into ensuring the safety and flexibility of the Italian gas system. The projected spend in Italy will amount to 5.2 billion euros (+10% than estimated), due above all to the fact that on a number of occasions in recent months, the country has proven itself much more reliable than other European nations.
But in which areas of the Italian energy sector does Snam plan to focus its development? The answer is provided by the recent "Gas for Climate" study, which outlined the key steps on a journey towards a zero emissions system in Europe by 2050. The research was funded by a European consortium that unites the main players in the natural gas market (Enagás, Fluxys, Gasunie, GRTgaz, Open Grid Europe, TIGF, Consorzio Italiano Biogas and the European Biogas Association, in addition to Snam), and aims to illustrate how the emissions reduction targets established by the Paris Agreement can be achieved. Increasing the production of renewable gas to more than 120 billion cubic metres per year by 2050 is key; this will then be used in gas infrastructures to heat buildings, produce electricity (alongside wind and solar power) and to fuel heavy-duty transport by land and by sea. These measures will achieve positive results for the environment, as well as benefiting the pockets of institutions and families alike: indeed, focusing on renewable energy could save around € 140 billion a year.
Through the activities of its various subsidiaries, CDP Group is dedicated to reducing the impact on the environment, with a view to building a sustainable and green future.
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