In Italy, in just 12 years, ETS 1 has generated 18 billion euros, of which only 1.5 billion was spent on renewables and industrial efficiency.
75% confidence
EnvironmentItaly
Omissions
The MEP did not cite the source for these figures. The data comes from a report by ECCO Climate (an Italian climate think tank), not from a primary government or EU institutional source.
The exact spending figure found in ECCO's report is approximately €1.6 billion, not the claimed €1.5 billion — a minor discrepancy of about €0.1 billion.
The precise breakdown of the €1.6 billion specifically into 'renewables and industrial efficiency' as distinct from other climate-related spending categories could not be independently verified from the available sources.
The period 2012–2024 spans 12 to 13 years, which broadly matches the '12 years' stated but is not exact.
Only two sources from the same organization (ECCO Climate) were found corroborating the spending figure; no primary government source was identified within the search limit.
Sources
SecondaryECCO Climate (Italian think tank) — English report pageBetween 2012 and 2024, ETS auctions generated approximately €18 billion in revenue. However, according to the available reports, only €1.6 billion was allocated to climate-related spending.
SecondaryGreenreport.it — article citing ECCO reportL'Italia ha usato solo il 9% dei 18 miliardi derivanti dalle aste ETS per spese legate alla lotta ai cambiamenti climatici. È quanto emerge da un rapporto di ECCO.