‘Black capitalism’ arrives in Italy

manifesto global, 25 february 2026

“..the generous subsidies to businesses will be awarded primarily to compensate for the cost of emission “rights.” In practice, the EU is fining polluters and the Italian taxpayers are paying it. The result is that the incentive to reduce CO2 goes out the window. In Italy, it seems, “green capitalism” has already turned a shade of “black..”