Ireland faces EU fines over failure to meet binding green energy targets
Published 11/02/2016 | 02:30
Ireland runs the risk of huge fines for missing binding EU targets to produce 16pc of its energy from renewable sources.
The 2020 target requires 16pc of all energy to be produced from wind, solar, biomass and other renewable sources, and European statistical agency Eurostat says Ireland is currently ranked fourth lowest among member states - after France (8.7pc from target), the Netherlands (8.5pc) and the UK (8pc).
Failure to hit targets means fines will be imposed.
The EU has committed to producing 20pc of all energy from renewable sources, but each member state has an individual target. Ireland's is 16pc.
Eurostat says that nine member states have already achieved their 2020 targets, including Sweden, which has the highest share, at 52.6pc; followed by Latvia and Finland at 38.7pc each.
A breakdown of some of our 16pc target shows that 40pc of electricity is due to come from renewables, which currently stands at 22.7pc.
For transport, it stands at 5.2pc when the target is 10pc, and for heat it stands at 6.6pc and the target is 12pc.