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Covenant of Mayors
  Covenant Coordinators and Supporters Newsletter Inspiring Achievements  
When oil royalties finance sustainable energy: Inspiration from Covenant municipalities in Italy
In the Basilicata Region, policies support the transfer of oil royalties from companies operating in the region towards sustainable energy initiatives foreseen in the action plans of Covenant signatory municipalities. This region of Italty is home the Agri Valley, the largest oilfield in continental Europe. Extraction of the crude oil present in this area covers about 6% of the national energy demand and represents 80% of the domestic (...) Read more
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  The sole responsibility for the content of this newsletter lies with the Covenant of Mayors Office. It does not necessary reflect the opinion of the European Union. The European Commission is not responsible for any use that may be made of the information contained therein. The Covenant of Mayors was set up with financial support of the European Commission and consists of five associations of European local authorities: Energy Cities, Climate Alliance, Eurocities, CEMR, Fedarene, and ICLEI Europe.

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