Italy Approves €6.3B Decree for Green and Tech Transition

Prime Minister Giorgia Meloni’s government approved a €6.3 billion ($6.8 billion) package to support the tech and green transition of Italian industries.

The decree will grant a tax break to companies that cut polluting emissions by at least 3%, according to a statement released Monday.

The plan is among government measures to speed up the spending of about €194 billion of post-pandemic recovery funds granted to Italy by the European Union. The approval of the decree follows Rome’s decision to revise its spending plan for projects financed by the EU funds, a change approved by the bloc.

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