White Paper: 'Unlocking Ireland's renewable Energy Potential'

Ireland’s geography, climate and business ecosystem offer significant potential in the context of renewable energy. 'Unlocking Ireland's Renewable Energy Potential' highlights that by reducing the barriers to growth in this sector and creating a consistent policy framework that fosters greater innovation, Ireland can achieve significant advancements towards meeting renewable energy targets, reducing the cost of energy across the State, and facilitate a vibrant and dynamic energy system that drives sustainable economic growth.

Investments in Ireland’s electricity grid are critical to delivering the infrastructure required to meet the needs of the population and the ambition of the business community. Further, the development of wind and solar energy offers enormous potential for Ireland’s economy into the future, supporting Ireland’s renewable energy transition and ultimately Ireland’s ambition to become a net energy exporter in the years ahead.

Innovative policy developments in the areas of private wires and district heating respectively, can further unlock the promise of renewable energy, reduce emissions, and overcome challenges faced within today’s energy landscape.

Delivering the next generation of energy infrastructure and driving research, development and innovation through coordinated policy approaches is key to realising the potential of Ireland’s energy sector. These investments will have a direct and positive impact on Ireland’s international competitiveness at a time when energy competition is increasing.

Ireland’s energy system is a key facilitator of investment in Ireland, as well as allowing for further growth and the expansion of existing operations in Ireland. This white paper sets out the key methods in which Ireland can unlock the potential of the renewable energy sector, encourage growth, reduce barriers to investment, and provide for long-term sustainable energy supply. The implementation of these measures will ensure Ireland is to the forefront of energy innovation in the decades to come.

Read AmCham's White Paper, 'Unlocking Ireland's Renewable Energy Potential,' here