31 °C Singapore, SG
June 15, 2021
Latest News
How the next 5 years can buy us a decade to solve climate change G7 leaders urged to support SAF Uncrewed survey vehicles for offshore wind farm surveys Pathway to global climate catastrophe is clear Mohdi: India’s vision for a biofuels future EGAT to pilot flexibility in Thailand China Briefing, 3 June 2021: New climate ‘leaders group’; ‘Record-breaking’ electricity consumption; ‘Artificial sun’ Wärtsilä commissions first energy storage projects in the Philippines China’s first floating wind turbine ready for installation IEEFA Update: G7 coal finance exit and why it matters for India Accelerating Renewables in Asian Cities: Opportunities for Cleaner Air Iberdrola and Mitsubishi Power partner for renewable technologies Bundestag clears way for more climate protection in transport Analysis: China’s carbon emissions grow at fastest rate for more than a decade Ørsted forms alliance for Japanese offshore wind Hitachi ABB Power Grids selected for Thailand’s largest private microgrid Taiwanese company buys majority stake in ENGIE’s storage and EV arm US ethanol exports rebound on near-record shipments to China The Pacific calls Australia to Fund Our Future – NOT Gas. Limiting warming to 1.5C would ‘halve’ land-ice contribution to sea level rise by 2100 Ed’s note: Space, the final frontier Only intact forests can stave off climate change Tesla posts $438 million 1Q profit on strong electric vehicle sales Lithium Systems Acquires 123 Ton eDumper Project Toyota Tsusho to conduct biofuels trials in Singapore UN declares 2021 is ‘year for action’ on climate Loss of Arctic sea ice can spoil French wine harvest Southeast Asia to establish its own framework for green investments, but natural gas remains a feature Major Asian bank says it’s not practical in the short term to cut off clients in the coal business Volkswagen Reveals the ID.6 CROZZ and ID.6 X

Ireland’s renewable electricity scheme gets EU approval

Ireland’s Renewable Electricity Support Scheme (RESS) has passed EU state aid rules, allowing it to take provide funding for future renewable projects.

The Irish government designed the RESS scheme to help the country transition towards renewable energy. Its targets include making 70% of its energy from clean sources by 2030, while contributing to the EU renewable energy target.

Set to run until 2025, the scheme will have an estimated total budget of between $8.3bn (€7.2bn) and $14.4bn (€12.5bn).

Minister for communications, climate action and environment Eamon Ryan said: “I am delighted to welcome this announcement today from the EU Commission. It endorses the government’s commitment to the Green Deal and launches a renewable energy revolution in Ireland.

“The RESS will provide us with a platform for rapid deployment of onshore and offshore wind and solar projects at scale and at least cost, replacing fossil fuels on our energy grid. It also offers communities the opportunity to produce their own power and share in the ownership of Ireland’s energy revolution.”

Ireland has committed to an average of 7% annual reduction in overall greenhouse gas emissions from 2021 to 2030. It also aims to achieve net-zero emissions by 2050 using the RESS measure to achieve this.

The aid package will supply all eligible technologies that produce clean energy from renewable sources through auctions. Successful applicants will receive support for 15 years, in the form of a premium on top of the market price.

Ryan added: “To date, onshore wind energy has been the most cost-effective technology available to Ireland, however, to drive on and meet our renewable energy ambitions, other technologies such as solar and offshore wind will play a critical role in diversifying our renewable generation portfolio for the period out to 2030.”

Source