Oireachtas Joint and Select Committees

Tuesday, 22 March 2022

Joint Oireachtas Committee on Climate Action

Energy - Ambition and Challenge: Discussion (Resumed)

Mr. Mark Foley:

I will take Deputy Smith's questions and my colleague, Dr. Ryan, will take Deputy Bruton's questions. On the incentivisation, Ireland has a proud track record. This is a matter of record. In 2020, Ireland achieved 40% of all its electricity from renewable sources. The ecosystem did deliver, and that was a combination of private companies and State companies. It was a great example of collaboration, private capital, public capital and ourselves as the orchestrator in making all of this work together.

That ecosystem will get us to 80% by 2030. I am very confident of that. It is not unreasonable for those in the ecosystem to get a return on their investment. Technology and competition will produce very competitive prices. That is all I am going to say about incentivisation.

We have a new policy framework on data centres, as enunciated by the regulators before Christmas. We all left our offices in May 2020 for two years to work from home. Thanks to the digital economy, this country worked and performed economically. We must understand and respect that the digital economy is a really important part of how we live and business will be done over the coming years. The new policy will provide a better balance than we may have had previously. It will allow for growth, but only on the terms set out in the policy. We can continue to grow the digital economy but in a more ordered way. I do not believe we should apologise for that. It has served us very well. Companies in the Irish ecosystem have contributed greatly to the economy. This is Government policy. Our job is to deliver in the context of Government policy. It is a reasonable policy with a proper policy framework, as enunciated by the regulators before Christmas.