Gas and GDP reduction Brussels worries Rome therefore

Gas and GDP reduction, Brussels worries Rome: therefore

More than one help a boomerang: The strategy developed by Brussels for the energy supply of the member countries harbors the risk of making the plans for more difficultI’m recovering for our country.

Gas, Brussels crashes Rome

This emerges from the latest international study recently published in a specialized magazine by professors from some European universities, including Marco Mele and Cosimo Magazzino “energy reports”, According to this, there would be a very close correlation between energy consumption and GDP growth, to the point of “influencing” a country’s state of health, which controls its socio-economic well-being.

Considering a fairly large time gap, particularly from the 1926 to 2008, The study examines the bi-directional relationship between energy consumption and economic growth for Italy.

GDP, the possible scenarios

“The analysis – we read – shows that if we look at very short time intervals and the associated frequency bands, the effects of energy consumption on GDP growth are obvious. Therefore, a policy aimed at reducing gas consumption could: a reducing the country’s GDP”.

“Having shown the impact of energy consumption on GDP growth, we can confirm that a gas consumption reduction policy produces a reduction in Italian GDP from 2.61 to 2.85 years, up to a maximum of 3.5 years could. Therefore, a reduction in gas consumption – as envisaged by the EU Council – will almost certainly have negative effects on our country’s economic recovery that will be ignoredthe next few years”.

To plan

Meanwhile, it only arrived in the last few hours the green light formally to the regulation of the EU Council to save gas consumption in the period from August 1st to March 31st, 2023. The plan provides for the voluntary reduction of natural gas consumption by 15% for this winter.

The Regulation allows the Council to: a“Alarm” on security of supply, in which case gas demand reduction would be mandatory. The formal green light came with the completion of the so-called written procedure, in which 25 member states agreed. Hungary and Poland voted against.