Ireland’s economy will benefit from greater use of indigenous clean energy
Job benefits of bioenergy sector doubled if local resources used
Friday, 29th May 2015: New reports published today by the Sustainable Energy Authority of Ireland (SEAI) show that using our indigenous renewable energy resources to meet renewable energy targets could boost Ireland’s GDP and support thousands of new jobs. A Macroeconomic Analysis of Bioenergy Use to 2020 and a Macroeconomic Analysis of Onshore Wind Deployment to 2020 demonstrate that Ireland will also reduce its fossil fuel dependency and greenhouse gas emissions. In particular, the analysis shows that, in the case of bioenergy, the jobs potential doubles to 5,500 if we use locally sourced biomass such as by-products of the wood and forest industries and energy crops.
Speaking at the launch Dr Eimear Cotter, SEAI Head of Low Carbon Technologies said “We import huge amounts of fossil fuels every year and yet we have rich, local and clean resources that we could use instead to better meet our energy needs. Renewable energy offers a strong opportunity to quickly create new jobs in Ireland, in particular in agriculture and forestry from local sourcing of biomass.
Cotter continued “In meeting our binding greenhouse gas emissions and energy commitments, we have choices to make. This detailed analysis allows us to understand the costs and benefits of these choices. In particular it shows how important it is that we play to our strengths, in this case local and clean energy resources which should be exploited to benefit Irish society and the economy.
SEAI’s Sustainable Energy Economic Model is based on detailed information on the structure of the Irish economy and population demographics. This model was used to assess the impact of renewable technology investment on the economy; the anticipated investment to 2020, sufficient to meet our renewable targets, was compared with a hypothetical scenario where no further investment takes place post-2013.
Key insights include:
· Greatest economic benefits arise when we use bioenergy for heat and wind energy for electricity
· Job benefits of bioenergy sector double if local resources are used
· When businesses and homeowners use renewable energy – for example, bioenergy to meet heat demand - they have greater control over their energy costs
This study uses SEAI’s Sustainable Energy Economy Model (SEEM) – this model is based on a leading regional policy analysis tool from the US and has been adapted to the Irish economy by SEAI.
This comprehensive model estimates total net employment which means that it takes into account any loss of employment due to changes in, for example, prices or displacement of existing activity.
Most other European studies that look at the employment impact of renewable energy deployment rely on basic models to produce gross effects from investment in renewable energy. SEAI’s SEEM is, on the other hand, a more complex model which estimates the real net employment impact of renewable energy.
To download a summary of both reports, click here
To download a copy of A Macroeconomic Analysis of Onshore Wind Deployment to 2020 click here
To download a copy of A Macroeconomic Analysis of Bioenergy Use to 2020 click here