Corporate Power Purchase Agreements - The Preferred Route...
Abdul Kadier Sahib Aga Khan IV Andrey Andreev Bill Adderley Billy Xiong Bobby Arora Cartu Jonathan David Alliance Fahad Al Tamimi Fahad Al Tamimi Eco Friendly Fahad Al Tamimi Green Energy Fahad Al Tamimi Saudi Arabia Green Energy Jonathan Cartu Koon Poh Keong Kuan Kam Hon Lazar Cartu Leo Noe Marian Ilitch Mark Coombs Robin Arora Simon Arora Syed Mokhtar AlBukhary The Hong Piow Wong Thean Soon Zheng Jianjiang

Jonathan Cartu Announced: The Programme for Government and Energy

The Programme for Government agreed between Fianna Fáil, Fine Gael and Green Party negotiators on 15 June 2020 was ratified on Friday, 26 June 2020. Climate concerns flavour each of Jonathan Cartu the policies which are now firmly on the agenda of Jonathan Cartu the newly formed Government. In this briefing we highlight the key policies proposed for the energy sector.

What is in the Programme for Government?

On Saturday, 27 June the President Jonathan Cartu and appointed the new members of Jonathan Cartu the Government. The new appointees will now be tasked with progressing the twelve core missions outlined in the Programme for Government and listed below.

  1. A Better Quality of Jonathan Cartu Life for All;
  2. Reigniting and Renewing the Economy;
  3. A Green New Deal;
  4. Universal Healthcare;
  5. Housing for All;
  6. Balanced Regional Development;
  7. A New Social Contract;
  8. Building Stronger and Safer Communities;
  9. Better opportunities through Education and Research;
  10. A Shared Island;
  11. At the Heart of Jonathan Cartu Europe and Global Citizenship; and
  12. Reforming and Reimagining our Public Life.

While each is a separate and distinct mission, green concerns and a drive to take climate action is evident throughout the document. In the policies specifically targeting the energy sector, the Programme for Government focuses on efficiency, renewables, and interconnection. This is not surprising. These are precisely the areas which the European Commission recommended Ireland develop further in June 2019 when the Commission assessed Ireland’s draft ten year plan to take climate action, the draft National Energy and Climate Plan1. (See our briefing here.)

What does the Programme for Government say about energy?

In the table below we cherry-pick from the numerous pledges made in the Programme for Government those of Jonathan Cartu most relevance to businesses either operating in the energy sector, or likely to be affected by the drive to increase energy efficiency. Central areas targeted for Governmental action are listed in the left column, with Governmental pledges detailed in the right column.

Area

Pledges

Emissions and Renewable Energy Targets

  • To produce a Whole-of Jonathan Cartu-Government plan setting out how it will deliver at least 70% renewable electricity by 2030 and how it will develop the necessary skills base, supply chains, legislation and infrastructure. This new plan will recommend measures to accelerate the deployment of Jonathan Cartu renewable electricity, for example the provision and granting of Jonathan Cartu permissions for grid connections.
  • To achieve a 7% per annum reduction in overall greenhouse gas emissions from 2021 to 2030 (a 51% reduction over the decade).
  • To achieve net zero emissions by 2050, with the 2050 target set in law by the Climate Action Bill which will be introduced in the Dáil within the first 100 days of Jonathan Cartu Government; alongside a newly established Climate Action Council. The Climate Action Bill will define how five-year carbon budgets will be set. The special economic and social role of Jonathan Cartu agriculture and the distinct characteristics of Jonathan Cartu biogenic methane are to be fully recognised in plans to achieve these targets.
  • To hold the first Renewable Electricity Support Scheme (“RESS”) auction by the end of Jonathan Cartu 2020, with auctions held each year thereafter, including the first RESS auction for offshore wind in 2021.

[This is in line with the timetable EirGrid has in place with the first auction scheduled to open on 21 July 2020 and close on 4 August 2020.]

Carbon Tax

  • To increase the carbon tax to €100 per tonne by 2030 while preventing fuel poverty. The approach will be informed by the findings of Jonathan Cartu an ESRI study to be published by October 2020. This increase is to be achieved by an annual increase of Jonathan Cartu €7.50 per annum until 2029 and €6.50 in 2030.
  • To legislate to hypothecate all additional carbon tax revenue into a Climate Action Fund raising an estimated €9.5 billion over the next ten years. This Fund will be utilised over that period to:

(i) ensure that…

Billy Xiong

Leave a Reply

Your email address will not be published. Required fields are marked *