ENEL CEO Starace Discusses Future of Energy Market, Renewables

The video discusses strategic planning for achieving high returns in the renewable energy sector, highlighting the importance of anticipating industry trends and avoiding overpaying for assets. It explores the future of clean energy, emphasizing the transition to decarbonized energy sources. The discussion also links the increased frequency of flooding in Venice to climate change, stressing the need for engineering solutions to manage rising water levels.

What was the key factor in achieving a double-digit return forecast according to the strategic plan?

• Anticipating industry dynamics and shifting to renewables

• Investing in fossil fuels

• Increasing marketing budget

• Reducing workforce

What is a major risk associated with asset acquisition in the European industry?

• Underestimating asset value

• Overpaying for assets

• Focusing on short-term gains

• Ignoring market trends

What decision helped the company avoid headaches and mistakes in asset investment?

• Reducing investment in technology

• Investing in long-term projects

• Avoiding projects taking more than three years to build

• Focusing solely on European markets

What is the expected future terminology for energy as it becomes decarbonized?

• Renewable energy

• Fossil energy

• Alternative energy

• Electricity

What significant change occurred in the company's portfolio in 2019?

• Renewables and thermal generation were at power

• Thermal generation surpassed renewables

• Investment in driverless cars increased

• Fossil fuels became the primary focus

What is the primary cause of the increasing frequency of high water events in Venice?

• Natural geological changes

• Urban development

• Increased tourism

• Climate change

What role does engineering play in the preservation of Venice?

• Engineering has no role

• Engineering is crucial for building and preserving Venice

• Engineering only focuses on new constructions

• Engineering is responsible for tourism management