Launch of NEEAP2 and Energy Efficiency Fund Remarks by Minister Pat Rabbitte TD

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Published in MerrionStreet.ie

February 28, 2013

Ladies and Gentlemen,

The second National Energy Efficiency Action Plan, which I am publishing today, reaffirms Ireland’s commitment to a 20% energy savings target in 2020.  This is equivalent to nearly 32,000 Gigawatt hours (GWh) or a reduction in annual CO2emissions of around 7.7 Mega tonnes (Mt). Put another way this means a potential reduction in energy spend of approximately €2.4 billion across all sectors of our economy. A very significant element of this will be Exchequer savings in the public sector. Re-invested elsewhere, this money could be well spent on sustainable employment and meeting our Presidency goals of stability, growth and jobs

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