Irish Economy Most Vulnerable to Potential Oil and Gas Price Shocks

Ireland’s GDP could fall by as much as 7.5% if the world was to experience a sudden oil or gas price rise, according to a report launched by Siemens. The report, which examines the economic impacts for Ireland of different high oil and gas price scenarios, highlights the particular vulnerability of the Irish economy to … Read more

Over a Third of Dail Legislation Emanated From Department of Communications, Energy and Natural Resources

As the Dail rises today, Minister for Communications, Energy and Natural Resources Eamon Ryan TD has announced that of the 13 Acts that have been passed during this parliamentary session, five emanated from his Department. The five bills from the Department of Communications, Energy and Natural Resources that were signed into law are: • Energy … Read more

Renewables Account for 62% of the New Electricity Generation Capacity Installed in the EU in 2009

Renewable energy sources accounted for 62% (17GW) of the new electricity generation capacity installed in the EU27 in 2009, according to the ‘Renewable Energy Snapshots’ report, published recently by the European Commission’s Joint Research Centre (JRC). The share rose from 57% in 2008. For the second year running, wind energy accounted for the largest share … Read more

Early Signs of an Energy Technology Revolution to Tackle Climate Change

Having called for an energy technology revolution to tackle climate change and enhance energy security and economic development, the International Energy Agency (IEA) is seeing the first signs of this happening across the globe. However, it cautions that more needs to be done to achieve the necessary long-term cuts in CO2. The new IEA study … Read more

New Energy Supply in Dublin to Save €300,000 Annually

Dublin’s new unmetered energy efficient electricity supply has been switched on. The energy efficient electricity supply will be used in 768 sets of Dublin city’s traffic lights and 42,500 public lights and will benefit Dublin City Council with major cost savings of up to Eur300,000 annually. This green initiative is one of several improvements included … Read more