31 research outputs found

    Servizi idrici e project finance: due ambiti inconciliabili

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    L’articolo affronta il tema del finanziamento degli investimenti nei servizi idrici in Italia, analizzando l’applicabilità del project finance (PF) ai piani d’investimento del settore. I risultati delle stime del modello di simulazione proposto dimostrano che vi è incompatibilità tra la diversa durata dei due cicli, quello del rientro dell’investimento e quello del finanziamento. Molti piani non sono finanziabili se non attraverso l’impiego di tre variabili, che agiscono rispettivamente accelerando l’ammortamento del capitale investito, allungando il periodo di rimborso del debito e riducendo la necessità di ricorrere al capitale di terzi. Ciascuna di queste variabili ha un costo per la collettività, che va allocato in capo ad uno dei soggetti coinvolti. In tal senso, e contrariamente alla maggioranza dei giudizi finora espressi, il PF non si rivela una modalità adeguata per il finanziamento degli investimenti nei servizi idrici. Come possibile alternativa all’utilizzo delle tre variabili suddette, al fine di ampliare l’applicabilità del PF ai servizi idrici, si propone una combinazione di misure di carattere programmatorio e regolatorio, miranti ad anticipare per quanto possibile la realizzazione degli investimenti e a posticipare i tempi di restituzione, rafforzando al contempo le previsioni e le garanzie contrattuali in merito al valore di riscatto del capitale ancora da ammortizzare al termine dell’affidamento. Per rendere tali misure più efficaci, si propone di assistere, con l’utilizzo di garanzie pubbliche, il subentro del nuovo gestore. Nel caso di società interamente pubbliche, si propone di renderne l’affidamento perpetuo, a condizione che si rafforzi l’indipendenza e l’autonomia nell’esercizio delle funzioni di regolazione. In ogni caso, le stesse banche finanziatrici sono chiamate a ripensare gli strumenti di finanziamento destinati ai servizi idrici

    Digital economy and environmental performance in the MENA Area

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    This chapter examines the interplay between information and communication technologies (ICTs) and environmental sustainability in the Middle East and North Africa (MENA) region. By analysing different aspects of ICT adoption alongside energy use, our findings provide insights into the different paces at which countries are navigating the climate and digital transitions. The study finds a mixed picture in terms of advances in ICT and improvements in energy efficiency and emissions reductions, across the MENA countries The complex nature of these relationships, coupled with structural differences and diverse patterns of carbon emissions and energy savings across countries, highlights the need for tailored policies and interventions. The study underscores the complex role of sustainable energy technologies enabled by ICT advances and the strong heterogeneity of outcomes in terms of different tools of technological progress in ICT and environmental performance. This research lays the groundwork for future research and policy development aimed at achieving a sustainable, technology-driven future in the MENA region

    "Digital Economy and Environmental Performances in the Mena Area",

    No full text
    This chapter examines the interplay between information and communication technologies (ICTs) and environmental sustainability in the Middle East and North Africa (MENA) region. By analysing different aspects of ICT adoption alongside energy use, our findings provide insights into the different paces at which countries are navigating the climate and digital transitions. The study finds a mixed picture in terms of advances in ICT and improvements in energy efficiency and emissions reductions, across the Mena countries The complex nature of these relationships, coupled with structural differences and diverse patterns of carbon emissions and energy savings across countries, highlights the need for tailored policies and interventions. The study underscores the complex role of sustainable energy technologies enabled by ICT advances and the strong heterogeneity of outcomes in terms of different tools of technological progress in ICT and of environmental performances. This research lays the groundwork for future research and policy development aimed at achieving a sustainable, technologydriven future in the MENA region

    Pro-trade effects and knowledge diffusion through migration between Mena and the Eu

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    The issues we investigate are related to how migration flows between Mena and the Eu contribute to shaping Eu trade. We document industry-specific shifts in tradable goods, looking at how migration stocks correlate with Eu countries’ extensive margin [EM] and intensive margin [IM] of trade. First, we use the indicators of extensive and intensive margins [at 4-digit Sitc product level] by Hummels and Klenow [2005] which allow measurement of the impact on bilateral trade at country level, including trade between sending and receiving countries of migration. This model captures the effects through two different channels, namely preference/information and knowledge spillovers. To isolate the effect in terms of knowledge diffusion between the Eu and Mena, following [Bahar, Hausmann, Hidalgo 2014; Bahar, Rapoport 2018] we test the effect of migration on comparative advantages of the host country with third countries, excluding countries of origin and destination of migration. The novelty of the approach we propose is threefold. First, we explore the link between migration and intensive and extensive margins of trade between Eu and Mena countries, also disentangling the knowledge transmission channels in relation to migration flows between Eu and Mena countries. Secondly, we investigate how the pro-trade effect with respect to Mena migration flows differs with respect to flows from other major Eu partner areas. Thirdly, we check for the degree of technology embodied in traded goods by considering low, medium and high technology classes. Overall, the estimation results show that the trade effect of immigration from Mena to the Eu, both for IM and EM, is always positive while that of emigration from the Eu to Mena is negative or not significant. However, the trade effects of immigration encountered between Eu and Mena partners are lower with respect to other Eu partner areas. Besides, the migration-induced effect on bilateral trade is higher in low tech than in medium and high tech. If we concentrate on Eu trade with third countries, a measure adopted as a proxy for the spillover channel, we observe that immigration from Mena increases the intensive margin of Eu trade in medium tech products but not the extensive margin, and emigration does not have a significant impact. Interdependencies between migration and trade policies pointed out by the results of our investigation are meaningful for migration policies of Eu countries towards Mena

    Impact of Stinging Jellyfish Proliferations along South Italian Coasts: Human Health Hazards, Treatment and Social Costs

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    Stinging jellyfish outbreaks represent a health hazard, causing contact dermatitis and systemic reactions. This study investigated the epidemiology, severity, and treatment protocols of jellyfish stings in a coastal area with high tourist development and frequent stinging jellyfish outbreaks of the central Mediterranean (Salento, Southern Italy), and the associated costs for the Italian National Health Service. In 2007–2011, 1,733 bathers (mostly children and females) sought medical assistance following jellyfish stings, the main cause of human pathologies due to contact with marine organisms. The majority of events were reported in the years 2007–2009, whereas the occurrence of cnidarian jellyfish outbreaks has been increasingly reported in the same area since summer 2010. Most symptoms were limited to local and cutaneous reactions; conversely, 8.7% of cases evoked complications, mainly due to allergic reactions. The main drugs used were corticosteroids, locally applied and systemic (46% and 43%, respectively), and with ammonia (74%) as the main non-pharmacological treatment. The estimated cost of jellyfish-related first-aid services along the Salento coastline over the 5-year period was approximately 400,000 Euros. Therefore the management of jellyfish outbreak phenomena need coordinated research efforts towards a better understanding of underlying ecological mechanisms, together with the adoption of effective prevention policy, mitigation strategies, and appropriate planning of health services at tourist hot spots
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