{"id":88267,"date":"2022-03-22T11:28:47","date_gmt":"2022-03-22T10:28:47","guid":{"rendered":"https:\/\/www.fondazionepirelli.org\/uncategorized\/governare-lincertezza\/"},"modified":"2022-03-28T11:06:12","modified_gmt":"2022-03-28T10:06:12","slug":"governare-lincertezza","status":"publish","type":"post","link":"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/governare-lincertezza\/","title":{"rendered":"How to govern uncertainty"},"content":{"rendered":"

One of the latest contributions by the Governor of the Bank of Italy provides useful elements to better understand our current situation<\/em><\/p>

Uncertainty, a need for development and obstacles to be overcome, the issue of raw materials and energy, the necessity to not forget the interplay between economy and society. The times we are, unfortunately, experiencing are rife with what pundits call \u201cchallenges\u201d, which everyone \u2013 according to their role and function \u2013 must in some way first understand and then successfully tackle. This is why reading \u201cTransizione energetica, finanza e clima: sfide e opportunit\u00e0\u201d (\u201cEnergy transition, finance and climate: challenges and opportunities\u201d) proves beneficial \u2013 this is the talk that Ignazio Visco, Governor of the Bank of Italy, has delivered on 14 March 2022, at the 13th<\/sup> Bank of Italy – Ministry of Foreign Affairs and International Cooperation (MAECI) Conference, also attended by Financial Delegates and Attach\u00e9s working abroad.<\/p>\n

The essence of Visco’s words is clear from the very beginning of his contribution: \u201cToday’s meeting falls on a tragic date: the serious events of these past weeks have cast a shadow of deep uncertainty on a world’s economy that already, in this past 15 years, has been disrupted first by the global financial crisis and then by the pandemic. The context that arose at the end of the cold war now seems to be called into question. The international economic and financial integration framework and the complex multilateral arrangement that, despite the many difficulties, had succeeded in keeping dialogue and cooperation alive, have now become uncertain. Fissures had already started appearing in recent years; today, the peace of our continent is at risk, a crucial element in the balance established in last century’s second post-war period. It is a deep and serious breach that will lead to a different balance, though one that remains difficult to identify as yet.\u201d A crucial period that the Governor outlines by addressing some key issues. First of all, the necessity to tackle the transition by identifying more efficient energy sources, and then the duty \u2013 directly linked to the energy transition \u2013 to establish some clear measures regarding climate change. But there\u2019s more. Visco, indeed, further touches on the meaning and the role of a united Europe, not only in geopolitical terms but also \u2013 and above all, in some respects \u2013 in regard to energy and climate change policies.\u00a0 Subsequently, the Governor of the Bank of Italy also discusses the financial aspects that all this, inevitably, will determine.<\/p>\n

Cohesion and cooperation seem to be, in Ignazio Visco’s reasoning, the true \u201ccode words\u201d required to face \u2013 not only with full cognisance but also with effectiveness and rationality \u2013 a difficult, complex and risky juncture. Reading the contribution by the Governor of the Bank of Italy truly provides readers with knowledge that is crucial in order to take a step in the right direction.<\/p>

Transizione energetica, finanza e clima: sfide e opportunit\u00e0<\/strong><\/a> (\u201cEnergy transition, finance and climate: challenges and opportunities\u201d)<\/strong><\/p>\n

Ignazio Visco<\/p>\n

XIII Conferenza MAECI \u2013 Banca d\u2019Italia con i Delegati e gli Addetti finanziari accreditati all\u2019estero (13th<\/sup> Bank of Italy – Ministry of Foreign Affairs and International Cooperation (MAECI) Conference, also attended by Financial Delegates and Attach\u00e9s working abroad), Bank of Italy, Salone dei Partecipanti hall, 14 March 2022<\/p>","protected":false},"excerpt":{"rendered":"

One of the latest contributions by the Governor of the Bank of Italy provides useful elements to better understand our current situationUncertainty, a need for development and obstacles to be overcome, the issue of raw materials and energy, the necessity to not forget the interplay between economy and society. The times we are, unfortunately, experiencing […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,57],"tags":[],"class_list":["post-88267","post","type-post","status-publish","format-standard","hentry","category-corporate-culture","category-insights"],"acf":[],"yoast_head":"\nHow to govern uncertainty - Fondazione Pirelli<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fondazionepirelli.org\/en\/corporate-culture\/governare-lincertezza\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to govern uncertainty - Fondazione Pirelli\" \/>\n<meta property=\"og:description\" content=\"One of the latest contributions by the Governor of the Bank of Italy provides useful elements to better understand our current situationUncertainty, a need for development and obstacles to be overcome, the issue of raw materials and energy, the necessity to not forget the interplay between economy and society. 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