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HTML

HTML 5

CSS 2.1

CSS 3

Reference

HTML <i> Element

The <i> element is used to create italic text in a document.
Example code:

The <i>green</i> frog ran around the <i>blue pond</i>.

Displays: The green frog ran around the blue pond.
This element is still part of the HTML4 specification but the CSS font property can give you a much richer variety of italicized effects.
Example code:

The CSS
span.newitalic{ font-style: italic; color: green;}
The HTML
This will show <span class="newitalic">Green italic text </span>

Displays:
This will show Green italic text

HTML 4 Element List