€2bn investment in green energy is required

Ireland will need to invest €2 billion in green energy if the country is to achieve ambitious targets to reduce greenhouse emissions under the EU’s climate change strategy, according to ESB chief executive Padraig McManus, writes Niamh Connolly.

21st July, 2007

Ireland will need to invest €2 billion in green energy if the country is to achieve ambitious targets to reduce greenhouse emissions under the EU’s climate change strategy, according to ESB chief executive Padraig McManus, writes Niamh Connolly.

The ESB estimates that major environmental projects and research and development into offshore wind energy, wave and solar energy and the establishment of smart metering could run to €2 billion.

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