Covid-19 measures likely to save Ireland €31m in compliance costs
UCC study shows carbon emission and renewable energy targets will still be exceeded, but by less than expected
Ireland is likely to save €31 million in energy and climate compliance costs this year due to the effect of Covid-19 on carbon emissions and energy use, according to new research from University College Cork (UCC).
The country is still on course to miss its EU carbon emission reduction and renewable energy targets for 2020. Both targets will require the purchase of compliance credits to make up any shortfall, but the amount required will be lower.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Ireland on course to import its most electricity for a year since records began
The country has imported 9 per cent of its electricity in the first eight months of the year
Irish floating offshore wind company to develop projects off US coast
Simply Blue Group joins with TotalEnergies to help US meet renewable energy goals
Budget 2022: Climate change measures show the Greens have influence, but funding has yet to match intent
The coalition has stressed that the capital allocation to climate action was merely the start of a ramp-up in spending
Transition to renewables will be ‘painful’, says CCAC
Senior member of the Climate Change Advisory Council says a large part of the burden will have to be shouldered by households