(ANSA) - ROME, MAR 14 - Italian energy group Enel has announced at Expo 2020 Dubai that it is set to "mobilize investments of up to 210 billion euros by 2030" for the "decarbonisation and the electrification of consumption" in cities.
    Michele Crisostomo, the president of the Enel Group, said the company will provide 170 billion euros of those investments while the other 40 billion will come from third parties.
    "If we solve the problem of how cities can become more sustainable, we will have solved in a very high way the problem of how the whole world can become more sustainable," Crisostomo told the 'On the Road to Sustainable City' event organized by Enel X at the Italy Pavilion at the World Fair.
    "Cities are crucial in order to achieve sustainability because over 70% of annual carbon emissions and two-thirds of global energy consumption come from cities, and they produce 50% of global waste," Chrysostomo added.
    "To support the decarbonisation of energy supply, we will advance our zero-emission commitment by 10 years, from 2050 to 2040, for direct and indirect emissions.
    "The value created by the group for consumers is estimated to lead to a reduction of up to 40% in energy expenditure together with a reduction in the carbon footprint of up to 80% by 2030.
    "These are the benefits of the energy transition based on the electrification of consumption ". (ANSA).