Minister for Communications, Energy and Natural Resources Eamon Ryan has challenged investors to look to Ireland as a long-term investment opportunity for developing sustainable energy technology. Speaking at an Economist roundtable discussion entitled Sustainable Energy Future: Challenges and Opportunities, Minister Ryan spoke of the importance of moving away from fossil fuels towards sustainable models.
“The energy challenges we face are intimately tied to the availability of fossil fuels and climate change,” he said. “Part of the answer to both of these challenges lies in a strategic retreat away from fossil fuels and towards clean energy.”
In 2007, international investment in in alternative energy resources was up 60% on 2006 to a total of $148 billion. According to New Energy Finance investment between now and 2030 is expected to reach $450 billion a year.
“The current financial turmoil has tested the market’s resolve, but has not dislodged it from this sector,” continued Ryan. “This Government is planning our economic recovery and we want future growth to be sustainable. The green economy will provide us the jobs, investment and energy security of the future.”
Subscribers 0
Fans 0
Followers 0
Followers