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
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
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