Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Critique of Ryan's speech by ex Tánaiste and minister, Michael McDowell
https://www.irishtimes.com/opinion/no-time-for-wand-waving-or-wishful-thinking-on-our-energy-supply-1.4887125
The problem is that Sleepy's magic wand is actually a cudgel with which he's trying to bludgeon the economy out of existence:
STATE TO SET 2030 CARBON TARGETS TO THE HIGHEST LEVELS FOR EVERY SECTOR
Each sector of the economy will have to hit the highest level of proposed government carbon reduction targets under new plans being finalised for cabinet approval this summer, the Business Post revealed.
The move means every sector will be legally required to achieve the maximum proposed cut in carbon emissions from their 2018 levels and will mean enormous structural changes for the Irish economy.
Last year, as part of the new Climate Action Plan, the government published a series of proposed sectoral carbon budgets, which set out a target range each sector would be asked to cut emissions by and would have to achieve by 2030.
They included a 62 to 81 per cent emissions reduction for the energy sector, a 37-58 per cent cut in land use emissions, a 44-56 per cent cut in residential emissions, a 42-50 per cent reduction in transport, a 29-41 per cent reduction for industry, and a 22-30 per cent cut in agricultural emissions.
The ranges have now been narrowed down to specific sectoral ceilings and the government is set to assign each sector a target at the higher end of these ranges. This was always a likely scenario given that the lower end of those target ranges would deliver a mere 37 per cent cut in emissions, which is well short of the government’s stated aim to achieve a 51 per cent drop by 2030.
Due to the legally binding nature of the new Climate Action Plan, it is understood the sectoral emissions ceilings currently being finalised by government will all be set at the upper end of the indicative ranges.
Eamon Ryan, the Minister for Environment, has communicated this reality to the relevant ministers in recent weeks backed up by a fresh research paper from McKinsey consultants, which has plotted potential pathways to divvying up the emissions between sectors.
McDowell was always straight talking like him or not. The current Government are a band of castrati with no individual identity.
Still Eile ; https://energypost.eu/fossil-fuel-divestment-is-premature-instead-enable-investment-to-keep-prices-low-and-tax-consumption/