Green Economy

The Green Economy is a response to many of the problems that society faces as a result of our rapid development over the last century. It is an economic model that encourages the efficient and sustainable use of natural resources while minimising climate change and promoting social equity. It includes a broad range of industries which make a particular contribution to these goals.

Key to building a Green Economy is increasing our use of renewable energy, including wind power, wave power, biomass, hydro power and others. By using such a diverse range of renewable resources we can achieve secure, carbon neutral energy supply.

Crucially, the Green Economy would also allow us to achieve energy independence. Ireland is currently one of the most fossil fuel dependent countries in Europe and this puts us at a disadvantage in a number of ways:

  • Fossil fuels are costly to import and currently 90% of Ireland’s energy spend goes overseas rather than being reinvested in our own economy.
  • We are at the end of a long fuel supply chain and therefore pay the highest energy prices in Europe.
  • Carbon taxes will continue to increase in coming years and we will be liable for heavy penalties.
  • Supply chain disruptions can destabilise our economy and the ever increasing scarcity of fossil fuels threatens to cripple us.

The Green Economy is particularly important to Ireland for these reasons and because our natural renewable energy resources are so vast that they could easily meet all our requirements.

In the context of Donegal, the Green Economy has been divided into four main categories:

  • Land Use, including agriculture & tourism
  • Forestry (timber & wood energy)
  • Renewable energy / efficiency / green transport
  • Water and waste management

These themes reflect Donegal’s unique set of resources and provide a framework to pursue our goal of maximising the value of those resources for the benefit of current and future generations.

 

Further information: