Responsability towards everyone
Snam is much more than a company that builds and manages energy infrastructures: with the work of its people it guarantees secure supplies, enables millions of homes to be heated, connects countries and communities, creates opportunities for development while respecting the environment and is a key player in the energy transition
It is essential to combat climate change by implementing energy transition towards a net-zero energy system, focusing on energy efficiency, the use of renewables, including biomethane and hydrogen, circular economy practices and general behavioural change.
According to the New Energy Outlook 2021 of BloombergNEF (BNEF) based on a business as-usual scenario, global emissions will reach around 40 GtCO2e by 2030, but by implementing energy transition actions on several fronts, such as replacing more environmentally damaging fossil fuels with more sustainable energy sources, greenhouse gas emissions could be almost halved to around 23 GtCO2e. In addition, the International Energy Agency’s (IEA) “Net Zero Emissions by 2050” scenario estimates that most of the emission reductions by 2050 will be attributable to renewables and 22% to the combined action of hydrogen and developing technologies such as CCUS (Carbon Capture, Utilisation and Storage).
In this context, Snam is determined to play a leading role in achieving the objectives outlined at European and global level for the success of the energy transition and the creation of a sustainable economic model, seizing the opportunities that this important challenge offers.
In addition to regulated activities, such as the transport of high-pressure gas, Snam has been adding for years non-regulated businesses that will play a leading role in the Country's energy transition such as energy efficiency, sustainable mobility and the development of green gases (biomethane and hydrogen).
This role of great responsibility towards the country is also reflected in the company’s willingness to implement a sustainability strategy based on shared value. For example, Snam makes some of its spaces and its knowledge available for the benefit of local communities, and develop partnerships to benefit local areas also with the help of Snam Foundation.
Snam for the energy transition
Snam has developed future energy scenarios in which it has outlined its business strategy in line with the European and national decarbonisation objectives and with an ever increasing commitment to energy transition.
In conjunction with Terna, Snam has developed the “Document Describing the 2019 Scenarios”, a preliminary study for the preparation of transmission and transportation network development plans in the electricity and gas sectors nationally. This study was used until 2020, while in 2021, two new scenarios were considered to determine gas supply and demand projections to 2040:
- National Trend Italy (NT Italy), developed by Snam and Terna, in line with the National Trends
scenario (NT ENTSOs, making some updates with respect to the reference grid and electricity generation;
- Global Ambition, developed by ENTSOs as part of the 2020 TYNDP and in compliance with the 1.5 °C temperature limit targets of the Paris Agreement, presents a more centralised vision of the energy system, where, in addition to the development of renewables, the contribution of decarbonised gases, in particular hydrogen and biomethane, is important.
24 May 2022 - 10:43 CEST