Is Ireland on Track to Miss Its 2030 Climate Targets?

Ireland's failure to meet its greenhouse gas emission targets for 2030 poses significant risks for the country, its investors, and the environment. The Environmental Protection Agency's latest projections indicate that the country is on course to significantly exceed its emissions targets, with a best-case scenario of only half the reduction in emissions required by law. The EPA's report highlights the need for a strong focus on implementing policies and measures that deliver wide-ranging benefits, including environmental protection, public health and wellbeing, and reducing dependence on fossil fuels. However, the report also notes that even if all promised additional climate-related measures are delivered on time, Ireland can only achieve a 25% emissions cut under the Climate Act definition and a 23% reduction under the EU definition. This suggests that the country's current pace of progress is not sufficient to meet its targets. The implications of this development are far-reaching. Failure to meet the 2030 targets could cost Ireland between €8 and €26 billion in fines and carbon credits, while also undermining efforts to reduce reliance on fossil fuels, improve public health, and protect the environment. The EPA emphasizes that progress is achievable but accelerating delivery of promised climate policy measures is critical to meeting these targets.

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