What are the main barriers that are preventing Ireland from achieving the EU renewable energy directive targets, considering its renewable resources?
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Fernandes, Beatriz Silva
MA of Business Administration
Dublin Business School
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The renewable energy industry is at an important moment nowadays. The World is fighting against climate change. Based on that the European Union set energy targets to all state members, which must be achieved by 2020. The targets involve greenhouse gas emissions being reduced by 20%, energy efficiency enhanced by 20%, and 20% of the energy consumed to be from renewable sources. Regarding Ireland, the country is well known for having excellent renewable energy resources and its targets is one of the most demanding among other EU members. By 2020, the Irish government is committed to producing at least 16% of all energy spent through renewable resources. Renewable electricity, renewable heat, and the renewable transport sector will represent 40%, 12%, and 10% respectively. Ireland is also committed to reducing its GHG emissions by 20% and to enhance its energy efficiency by 20%. Ireland has made substantial progress towards achieving its targets. However, the improvements were not enough and it is anticipated that Ireland will not meet its EU 2020 targets. The overall achievement is estimated to be between 12.7% and 13.9%. This research will provide a deep analysis of the barriers faced by Ireland in achieving its EU 2020 targets. This study will benefit businesses as a basis to inform the points Ireland needs to improve when attempting to achieve future renewable energy targets. In addition, it is recommended that further studies should be undertaken to expand the knowledge over the barriers in the Irish renewable energy sector.