Ireland to Fund EU Renewable Energy Projects to Meet 2030 Climate Targets
Ireland will fund renewable energy projects in other EU countries to help meet its 2030 climate targets, having received government approval for the EU Renewable Energy Financing Mechanism. This aims to avoid missing its 34.1% renewable energy goal. Additionally, Ireland may host the first Golf for the Disabled event during Ryder Cup 2027.
Ireland received government approval on Wednesday to express non-binding interest in the EU Renewable Energy Financing Mechanism. As a contributing country, Ireland would finance renewable energy projects in other member states. In return, the energy generated from these foreign projects would count towards Ireland’s own renewable energy targets.
This initiative aims to help Ireland meet its 2030 renewable energy target of 34.1%, which it is currently set to miss. The European Commission’s directive mandates 43% of the EU’s gross energy consumption come from renewables by 2030. Participation in the mechanism would reduce Ireland’s reliance on buying statistical transfers from other countries.
Separately, the Cabinet also considered a proposal for Ireland to host the first Golf for the Disabled (G4D) event as part of the Ryder Cup 2027. Minister for Sport Patrick O’Donovan stated this event, promoting inclusivity and campaigning for golf as a paralympic sport, would be held at Ballyneety Golf Club during Ryder Cup week in Adare, Co Limerick.