Taoiseach Micheál Martin has announced the creation of a new Climate Investment Clearing House aimed at accelerating Ireland’s transition to a decarbonised energy system. This initiative comes in response to a recent report by the National Economic and Social Council (NESC), which underscores the urgency of strategic action to enhance economic resilience and energy reliability.
Strategic Framework for Energy Transition
The NESC report, titled Ireland’s Future Power System and Economic Resilience, outlines a phased approach to achieving a sustainable energy future:
- Immediate Actions: Improve conditions for clean energy infrastructure, including planning, skills development, financing, grid enhancements, and supply chains.
- Medium-Term Objectives: Address knowledge gaps, demonstrate sustainable renewable power demand, and ensure domestic economic benefits.
- Long-Term Goals: Develop competitively priced energy for export, establish export methods, and manage associated challenges.
The report emphasizes the need for coordinated efforts to bridge strategic gaps and ensure the success of Ireland’s energy transition.
Collaborative Forum to Shape the Clearing House
In preparation for the establishment of the Climate Investment Clearing House, Taoiseach Martin, alongside the Minister for the Environment, Climate and Communications, and the Minister for Enterprise, Tourism and Employment, will host a joint Government-Industry Forum on Offshore Renewable Energy. This forum aims to bring together public and private sector stakeholders to define the role of the Clearing House and advance Ireland’s offshore renewable energy objectives.
The NESC report will inform the ongoing work of the government to deliver on energy transition ambitions and accelerate the energy transition in Ireland.
For more information, the full NESC report is available on the NESC website.
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