21 st January 2010 Copyright 2010
Private climate change & energy group Committed to Ireland’s Growth Committed to engineering & business solutions Members of National Green Economy Taskforce Instigators of electric corridor, green IFSC, pumped hydro storage, etc Copyright
Energy Security – Ireland on the Edge Ireland’s Obligations to Poorer Nations Electric Transport Business Models for Ireland Should Ireland go Nuclear? – A Comparison of Options Biofuels in Ireland – Pros and Cons Examination of Renewable Energy Technologies Biochar – a Solution for Agricultural Emissions? Carbon Capture & Storage – will the technology be ready in time? Funding Ireland’s Transition to a Low-Carbon Economy A Zero-Carbon Energy Plan for Ireland Copyright
It needs to reflect: ◦ Engineering challenges Vs emotions ◦ National direction and priorities Vs ideology ◦ Timetables and costs Vs aspirations We must have a National Vision Copyright
Renewable Energy Hub 5 Copyright 2010
20 years Copyright 2010 Stable Existing Economy Renewable Transformation Energy Export Services Export Irish RE IPR 6
Transport – Waste – Efficiency – Water – Construction – Grid – Smart homes – Agriculture - Energy..... Renewable Hub RE Generation Energy Storage RE Grid RE Export RE services RE Development Irish IP jobs – 4% workforce – Global direction 7 Copyright 2010
Planning delays Political inertia Civil Service Culture change Financing and cost per kWh Retro-fitting the grid Environmental opposition Energy Storage Transparent technical risk assessment 8
Copyright 2010 Prioritised planning consent for energy security & RE ◦ 12 month approvals, nationally strategic prioritisation Government guaranteed funding ◦ €5 billion fund needed for energy projects Private Seeded innovation funds ◦ €200m for Irish RE start ups. Direct & streamlined grid access ◦ 12 month connection turnaround Offshore Grid Plans - UK, Europe Inform & enthuse public & media towards National RE export 9
1. Financial Stability 2. Energy Security 3. National Vision 10 Copyright 2010
Energy Security & Corrib Gas Copyright
96% fossil fuel dependent 4 th highest import dependency in Europe Import over 90% of energy, costing €6 billion per annum Gas 55% of electricity generated from gas Gas security is 11 days (EU 60 day requirement) Import 92% gas via pipes from Moffat, Scotland Our economy is hugely reliant on electricity!! What happens if our suppliers turn off the tap or fail to supply? Copyright
Source: Reproduced from ‘Energy in Ireland /2008 Report’, SEI, Dec 2008 Copyright
Copyright 2010 Primary Energy Supply Mix, ,214 ktoe in total (>90% imported) Electricity Mix, ,141 ktoe in total Source: SEI Statistics Databank 14
Copyright 2010 Source: Goodbody Economic Consultants, ‘Economic Assessment of the Corrib Gas Project’,
Technical safety National security Community Dealing National Deal Copyright Could be improved
Technical safety National security Community Dealing.... National Deal Shell initiate €1bln Irish RE development bond Low interest -Gov security to support Ireland’s RE future Shell lead local Mayo € 10m RE research and business incubator Copyright Gas onshore in 2010
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1. Corrib Is safe 2. Corrib Provides National energy security 3. Corrib could support Irish RE development Gas onshore in 2010 is a fundamental part of Ireland’s future. Copyright
Copyright 2010 Financial Stability Banking system, stimulate green-tech sector Energy Security Corrib, Shannon LNG, Salt Caverns at Larne, Pumped Hydro, Future Energy Vision Massive Wind Rollout Continental Grid connection 20
Thank You Copyright