Business
Climate rules could scupper new FDI projects
IDA and Enterprise Ireland will have to weigh number of new jobs against environmental impact of investments, while new greenfield projects will be restricted to those that align with climate policy
IDA Ireland and Enterprise Ireland must consider the carbon emissions of any proposed investment projects when making funding decisions from next year, in a significant policy shift that could result in new investment opportunities being rejected by the state.
Under a change of government strategy, the country’s industrial agencies will be required to consider the environmental impact of new investments on a par with other factors such as the number of jobs a project would ...