Sunday 18 March 2018

Stuck at crossroads . . . without fuel

Ralph Riegel

Ralph Riegel

IRELAND will be one of the most exposed European economies to future carbon fuel shortages with a staggering 70pc of Irish electricity generation set to be derived from natural gas supplies.

The warning came as the Association for the Study of Peak Oil and Gas (ASPO) previewed their landmark carbon fuel conference next September.

ASPO founder, Dr Colin Campbell, stressed yesterday that Ireland now faces a major crossroads in relation to energy dependency - with the emergence of the Green Party as Coalition Government partners assuming huge significance.

Dr Campbell acknowledged that if strategic decisions are taken now, Ireland could move from a position of being one of Europe's most exposed economies to carbon fuel shortages to becoming a world leader in alternative energy development over the coming decades.

The academic said the appointment of Green Party TD Eamon Ryan as Energy and Natural Resources Minister could potentially have enormous implications for Ireland's carbon fuel dependency - and stance on alternative energy sources.

The ASPO conference takes place in Cork from September 17-18 next and will have the theme 'Time to React'.

Business Newsletter

Read the leading stories from the world of Business.

Also in Business