Europe needs a "single market for energy" to bolster investment and move away from its reliance on Russia, the boss of Italian power giant Enel told CNBC, amid a fierce debate over the future of the region's energy policy.
Francesco Starace, CEO of Enel, said the European Union (EU) faces "structural" issues in its energy market as individual member states act alone rather than in a unified way. While Europe has "diversification" in its energy mix, the lack of coherent policy does not allow the continent to reap the benefits.
"Each single state had its own different policy, its own different view of markets. As a result of all this what we have in Europe is a great diversification which is one of the best things to have," Starace told CNBC in a TV interview.