Economic and Investment Outlook
Climate Action Plan 2023
Pillars to tackle emissions reduction
Powering
renewables
.9GW onshore
wind, 8GW solar
and at least 7GW
offshore wind by
2030
⚫ Phase out and end
use of coal and peat
in electrical
generation
⚫ Green Electricity
Tariff incentive
people to use lower
cost renewable
electricity at times
of high wind and
solar generation
Building Better
. Retrofit 500,000
dwellings by 2030
. Put heat pumps
into 680,000 homes
by 2030
. Generate 2.5TWh
of district heating
by 2030
•
· Improve carbon
sequestration and
reduce
management
intensity of drained
soils on grasslands
Transport
. Reduce distance
driven across all car
journeys by 20%
.
Walking, cycling,
public transport will
account for 50% of
journeys
.1 in 3 private cars
will be EV's
• Increase rural bus
routes and
frequency
Agriculture
Reduce use of
chemical nitrogen
as fertiliser
Increase organic
farming to 450,000
hectares
.
Expand indigenous
biomethane sector
. Contribute to
delivery of land use
targets for
afforestation,
reduce mgmt.
intensity of organic
soils
• Increase uptake on
protected urea on
farms to 90-100%
Enterprise
. Reduce clinker
content in cement
and substitute
products with lower
carbon content for
construction
materials
. Reduce fossil fuel
share of final
consumption
• Increase total
share of heating to
70-75% by 2030
. Grow the circular
and bioeconomy
Land Use
• Increase annual
afforestation rates
to 8,000 hectares
p/a from 2023 on
· Promote forest
management
initiatives in forests
to increase carbon
sinks and stores
.
· Improve carbon
sequestration and
reduce
management
intensity of drained
soils on grasslands
⚫ Rehabilitate
77,760 hectares of
peatlands
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
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