Oireachtas Joint and Select Committees
Wednesday, 8 November 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Skills and Supports Required for Businesses to Meet Decarbonisation Targets: Discussion
Dr. Fergus Sharkey:
Individual companies are not set individual targets by the State. There is a 35% reduction target on industry and carbon budgets associated with that, which have a frontloading effect. In dealing with these companies we see that their ambition is greater than the State's, in the main. They are achieving the minimum of 35% and sometimes up to 60% or 70%. We have looked at these climate action plans and the IDA and Enterprise Ireland are key here. The indigenous companies are under the remit of Enterprise Ireland, and it has a strong focus on that footprint, while the IDA works with the foreign direct investment, FDI, companies. We work closely with them, to help them measure the progress at a more granular, company by company level to see where the issues are.