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HomeLatest NewsIreland includes the environment in its requirements to attract public investment

Ireland includes the environment in its requirements to attract public investment

Date: May 26, 2024 Time: 06:02:12

Ireland will require companies seeking state investment not to have a negative impact on the environment. Specifically, the administration will request, according to Bloomberg, that these companies record the annual expenditure of water, energy and the total waste they produce. Within the framework of this new environmentally conscious evaluation model, firms must also provide data regarding the number of flights carried out in the development of their economic activity and the kilometers traveled by their vehicles.

Enterprise Ireland, a government agency that supports national companies, has indicated that it plans to present this project, which will form part of the country’s new climate commitment, at the beginning of this year, although Leo Clancy, CEO of the organization, has not assured that the model is finalized, as it will become part of an initial version of the country financing program.

As reported by Bloomberg, the pilot program concluded in September and the results are already being analyzed by the Department of Business. While it is a “big change” for the agency, it is necessary as “the world only goes one direction when it comes to sustainability,” the CEO has declared.

For its part, the Internal Investment Agency (IDA) of Ireland has not closed any dates. However, it has announced that those companies dedicated to reducing emissions will have a better chance of obtaining financial support. In addition, the administration has ensured that this process will be used for all projects that seek funding from agencies, and those that increase their emissions face higher costs.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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