Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Irish climate chief reassures farmers ahead of carbon cuts announcement

Economic IndicatorsOct 28, 2021 12:29PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: Eamon Ryan, Irish environment minister and leader of the Green Party, is seen during a television interview during the build-up to Ireland's national election in Dublin, Ireland, February 5, 2020. REUTERS/Phil Noble/File Photo 2/2

By Conor Humphries

DUBLIN (Reuters) - Ireland will order sharp cuts to agricultural carbon output next week, but warnings it will cost tens of thousands of job losses miss the major opportunities the green agenda will create, Environment Minister Eamon Ryan told Reuters on Thursday.

The government will announce a politically divisive climate plan, setting out which sectors of the economy will take on most of the burden of reducing greenhouse gas emissions by 51% by 2030.

Speaking ahead of next week's United Nations COP26 climate summit, Ryan said reports that agriculture would face cuts of 21-30% were "not far away" from what would be announced and that he expected the national livestock herd to fall over the decade.

But he disputed an economic impact report commissioned by the Irish Farmers Journal which said a 30% emissions cut would result in 56,000 job losses and a decline in farmer income of 25-31%.

That does not take account new sources of state funding to encourage farmers to keep carbon in the ground and the inevitable shift to organic output that can command higher prices.

"You'll see a natural diversification and less intense system but also less costs and a higher premium. I think that's the only way it's going to work," the Green Party leader said in an interview in his Dublin office.

"You have to look at ways in which it actually works for Irish agriculture, and I think it can."

Other sectors are set for far higher cuts, with transport facing a reduction of around 50%.

Carbon output in electricity production and heavy industry will be in "the sort of range" reported by the Sunday Business Post last week of 70-80% and 40-50% respectively, Ryan said.

Electricity output will benefit from a major shift to wind energy, with 35 gigawatts of offshore wind planned, compared to just over 4 gigawatts of total wind capacity now. Offshore floating wind on Ireland's Atlantic coast should begin to come online later in the decade, he said.

Ryan, who also holds the transport portfolio, said it was unclear if Irish aviation would shrink between now and 2030, saying much of the industry's focus would be on ramping up the use of sustainable aviation fuel.

The volume of electricity used by data centres has become a politically charged issue in Ireland, with advocates of foreign direct investment saying they are key to retaining the European headquarters of U.S. technology giants.

Ryan said the location of data centres helps and strengthens the country, but that the current growth rates, which he said will lead to data centres using 23% of the country's electrify output by 2030, cannot continue.

Irish climate chief reassures farmers ahead of carbon cuts announcement
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
ste tor
ste tor Oct 28, 2021 12:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ireland planning to become food dependent. History repeats itself.
David Astro
David Astro Oct 28, 2021 12:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This is our plan to ruin our economy and without impacting the environment in any real way.
Muhamed Jaffir
Muhamed Jaffir Oct 28, 2021 11:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wind energy is garbage, and they are trying to push everyone to vat or bug protein. These people need to hang.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email