Irish Academy Recommends Moneypoint Coal Conversion; Other Reports Detail R&D, Understaffing, Debt

The Irish Academy of Engineering suggests Ireland convert Moneypoint power station to coal and lift the ban on offshore fossil fuel exploration. This recommendation comes amid Middle East turmoil and increasing global reliance on coal.

Separately, a British advisory firm in Ireland reports that up to 94% of companies eligible for R&D tax credit refunds may not be utilizing the scheme. A survey by SD Worx indicates that just under half of Irish workers feel their teams are understaffed, leading to burnout concerns. Two in five employees are seeking new jobs due to poor management and lack of growth.

Irish domestic banks provided less than half of household and business loans over the past seven years, per a Central Bank study. Dublin Airport anticipates 11 million passengers this summer, unaffected by jet fuel supply issues or Middle East conflicts, though geopolitical tensions create uncertainty. Finally, Irish companies still hold over €700 million in warehoused debt five years post-pandemic, according to Revenue’s annual report.