Italian oil company Eni is planning to list between 25% and 30% of its new retail and renewable energy business on the Italian stock market, with plans to name the spin-off ‘Plenitude’. The move, which aims to help fund the company’s shift away from oil and gas, could be one of Italy’s largest initial public offerings over the next year, at an approximate value of $11.3 billion. This month, the company also acquired Italy’s second largest EV charging company – Be Power. The price of carbon allowances in the EU’s Emission Trading Scheme have surpassed €70 per ton for the first time. Many didn’t expect to see this happen until the late 2020s. Short-term drivers include a continental cold spell,…