| 18.3°C Dublin

Key points:

e Investment in smart grid technology could produce 10,000 jobs, and save €2.4bn-€5.2bn in fuel costs. A national smart metering programme will be rolled out shortly.

e Between 10,000 and 40,000 jobs can be created in the wind energy sector, and the power exported.

e Another 10,000 to 30,000 jobs can be sustained retrofitting buildings, which will reduce fuel costs and carbon emissions.

e Electrifying the transport fleet could cut oil imports by 50pc by 2050, saving at least €3bn in imported fossil fuels.

e Investment in green funds and venture capital projects is set to rise to US $500bn by 2017. Ireland has a role to play in capturing this investment business and fund administration.

Indo Business