Image via Department for the Economy
Economy Minister Gordon Lyons today launched The Path to Net Zero Energy – an ambitious new strategy designed to ensure Northern Ireland’s energy is secure, affordable and clean for future generations.
The Minister said:
“Recent energy price rises are impacting on every person and business in Northern Ireland. This is happening because of the global price volatility that comes with fossil fuels. Our new strategy sets out how we will work towards phasing out fossil fuels, ending this volatility and ensuring that more of the money we spend on energy stays in the local economy and helps to create wealth and jobs.
“The Path to Net Zero Energy sets out a path to 2030 that will mobilise the skills, technologies and behaviours needed to take us towards net zero carbon and affordable energy by 2050.”
The Path to Net Zero Energy sets three key targets:
- energy efficiency: deliver energy savings of 25% from buildings and industry by 2030;
- renewables: meet at least 70% of electricity consumption from a diverse mix of renewable sources by 2030; and
- green economy: double the size of our low carbon and renewable energy economy to a turnover of more than £2billion by 2030.
The Minister continued:
“By setting and achieving these targets, we are putting ourselves on a path to transform how we develop and consume energy. Decarbonising energy means achieving so much more than carbon reductions. We are already world leaders in integrating renewable electricity generation and we can also become world leaders in the new hydrogen economy. We will play to our strengths. Our world–leading engineering sector will be at the centre of this.”
The new strategy was developed with significant collaboration and engagement across government, industry and energy consumers. It has already received broad endorsement.
Read the Path to Net Zero Energy Strategy