Business · Energy & Commodities · 10 hrs ago

South Tyrol industry seeks tax relief as energy costs rise

South Tyrol industry seeks tax relief as energy costs rise

Businesses in South Tyrol say rising energy costs are hurting their competitiveness in Italy and abroad.

Gas prices have climbed above €100 per megawatt-hour, three times their level a year earlier, amid geopolitical instability.

Confindustria Alto Adige wants tax relief and simpler rules to ease the burden on companies.

Its president also says governments should use extra revenue from high energy prices to support businesses and speed up investment in decarbonisation.

The group is also calling for more renewable energy, including in South Tyrol, to reduce reliance on gas.

Euregio Plus is investing €3 million in energy.dis, a company based in Bressanone that develops and builds solar and wind projects.

The minibond is intended to support the company’s growth and its move into capital markets.

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What people are saying

Alexander RieperPresident of Confindustria Alto Adige
Energy costs are eroding our companies’ ability to compete in international markets.
via Corriere della Sera
The most effective and quickest way is to introduce tax relief and implement bureaucratic simplifications.
via Corriere della Sera
Thomas BrandstätterEnergy delegate of Confindustria Alto Adige
Rising gas and oil prices must be an incentive to support the development of renewables with even greater conviction, including in South Tyrol.
via Corriere della Sera