Italy's central bank backs helping poorer countries fund energy transition

ROME, 16th September, 2024 (WAM) -- Italy's Central Bank governor Fabio Panetta on Monday threw his weight behind a plan to help poorer countries reduce their carbon emissions, Reuters reported. He said it would ultimately reduce the overall cost of the energy transition.

Panetta, who is also a member of the European Central Bank governing council, said net flows into sustainable investment funds have lost momen