Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Renewable energy targets will be missed, consultants say
    Commodities

    Renewable energy targets will be missed, consultants say

    August 7, 20242 Mins Read


    Northern Ireland and Ireland will miss their 2030 renewable energy target by at least two years, a leading consultancy firm has forecast.

    Cornwall Insight says just 70% of the grid will be using renewable sources by 2030, rather than the 80% goal both jurisdictions have set.

    But it adds that significant progress has been made, with the Single Electricity Market having the highest contribution of wind generation of any power system in the world.

    Northern Ireland had 45.8% of electricity generated from renewable sources in 2023, while Ireland had 42%.

    The forecasters say renewable generation will reach 82% in 2032, but delays in planning and a shortage in grid connections will play a part in slowing down the renewables transition.

    And these have been “significant barriers” to generators submitting bids in the Republic’s Renewable Energy Support Scheme (RESS) auction.

    That resulted in just three successful onshore wind projects last year.

    Kitty Nolan, Energy Modeller at Cornwall Insight, said that, without addressing the “systemic challenges” in the renewables development process, the energy goals will remain out of reach.

    “While some may argue that the delay won’t have a significant impact, Ireland’s continued reliance on insecure imports exposes us to global market disruptions, which could drive up prices, while our dependence on fossil fuel generated power is delaying our progress toward achieving net zero.

    “It’s crucial that we streamline these planning processes and invest in grid infrastructure to meet our climate commitments. Achieving the 80% renewable target is possible, but it requires decisive and immediate action from all stakeholders involved.”

    Northern Ireland is currently designing its own renewable support scheme, aiming to boost renewable energy projects.

    The first auction is anticipated for 2025/26, but much of the procured capacity is expected to come online after 2030.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    GP de Silverstone – Quartararo souligne les améliorations sur sa moto

    Commodities

    Dans l’Orne, ce groupe rock metal local monte sur scène pour la première fois

    Commodities

    Accelerating India’s agricultural transformation – The Hindu BusinessLine

    Commodities

    Gulf remplace Tullow sur le pétrole de Turkana

    Commodities

    Snake Eater dévoile sa version du légendaire opening chanté par Cynthia Harrell

    Commodities

    Renaissance Africa Energy investira 15 milliards $ dans les hydrocarbures

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    The Trump Trade: Market Impact on Stock, Bonds, Commodities

    Stock Market

    8 innovations qui ont marqué l’histoire de la tech

    Investments

    Real Estate Veteran Shares Criteria She Looks for in a Rental Property

    Editors Picks

    Transforming commodities, embedding sustainability in supply chains

    May 20, 2025

    How the 2024 elections could reshape US domestic energy policy (feat. Commodities Focus)

    October 18, 2024

    DA urges Gauteng govt to back agricultural sector to curb high food prices

    January 20, 2025

    Vietnam Enterprise Investments propose une offre publique d’achat liée à la performance -Le 07 mars 2025 à 13:44

    March 7, 2025
    What's Hot

    How can new agtech reach an aging farming population?

    March 25, 2025

    Basel Committee on Banking Supervision makes minor update to digital asset rules

    July 19, 2024

    EU Commision Wants to Stop Virtual Currencies That Disguise Prices of In-Game Items

    March 21, 2025
    Our Picks

    FDA Partners with Purdue University and Indiana Agricultural Stakeholders on Salmonella Study

    October 22, 2024

    DXC Technology nomme Yonel Wartski à la tête de sa filiale française

    May 5, 2025

    What is the GENIUS Act and how could it reshape the cryptocurrency market? – World News

    May 22, 2025
    Weekly Top

    Bitcoin Critic Peter Schiff Explains Why Central Banks Will Choose Gold over BTC

    May 24, 2025

    XRP’s Institutional Advantage: The Digital Asset Built for Global Finance

    May 24, 2025

    Luxury London Properties Tied to Hasina Government | UK freezes £90m worth of London properties linked to Hasina regime: report

    May 23, 2025
    Editor's Pick

    Price ceilings holding back commodities, reflation | Insights

    January 9, 2025

    Copper Futures Continue To Rise Amid Higher Spot Demand

    October 24, 2024

    Piwi Park, soirée métal au Club, carnaval… Les bons plans pour sortir en Aveyron ce week-end

    March 6, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.