Economic and Investment Outlook

Ireland Energy: Fossil fuels prevalent Irelands energy mix is reliant on fossil fuels but renewables share to increase by 2030 Oil accounts for the largest share of Irelands energy mix. Transport accounted for 63% of oil use in 2021 Peat, 1.7% Wastes Non- Coal, 2.4% Renewables, 4.3% Renewable, 0.5% Electricity, 21.9% Electricity production has become more renewables based but still far from Climate Action Plan aim of 80% by 2030 60% 50% 40% 30% 20% 10% Oil, 51.7% 0% Wind energy generated 34% of the total electricity used in Ireland in 2022 Gas, 17.5% Natural Gas Renewables (total) Wind Peat Coal Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: SEAI, Climate Action Plan, EU Renewable Energy Directive, Gas Networks Ireland Waste (non-renewables) accounted for 0% (2005) and <1% (2019) of electricity production 2005 2020 Oil Electricity imports (net) 45 45

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