Monday 5 December 2016

Fossil fuels imported into Ireland at cost of €5.7bn a year

Published 15/01/2016 | 02:30

The Sustainable Energy Authority of Ireland (SEAI) said that importing oil, gas and coal costs the economy some €15m every day. Photo: Bloomberg
The Sustainable Energy Authority of Ireland (SEAI) said that importing oil, gas and coal costs the economy some €15m every day. Photo: Bloomberg

Ireland spends €5.7bn a year importing fossil fuels to heat our homes and power our transport fleets, and our energy security is reliant on imports from North Africa and the Middle East.

  • Go To

The Sustainable Energy Authority of Ireland (SEAI) said that importing oil, gas and coal costs the economy some €15m every day, and that we must maximise our use of renewable energy to avoid a hefty imports bill.

Our transport sector relied "almost entirely" on imported oil, it added.

The comments come as new figures show 94pc of all new homes built between 2010 and 2015 received an 'A' or 'B' energy rating, meaning they are more efficient and cheaper to heat. Just 36pc built between 2005-2009 achieve similar ratings.

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Business