Sustainable Nation Ireland targets €250bn in cleantech
Sustainable Nation Ireland, a new organisation is hoping to stimulate investment in the areas of green technologies and cleantech. The organisation also hopes to develop and promote Ireland as a hub for sustainable and responsible businesses and investment.
The organisation is targeting €250 billion of sustainable funds deployed in Irish enterprises by 2021.
The new organisation is designed to help the country achieve its climate change targets while helping Irish companies capture part of an estimated €85 trillion market.
“It is clear that the world’s capital markets and major global investors have woken up to the challenge of climate change, environmental sustainability and the role of finance in helping solve society’s problems,” said Sustainable Nation chief executive Stephen Nolan.
Among its targets for development are ideas and strategies to deal with population growth and the rising consumption of food, water and energy.
The group is part of the Government’s IFS 2020 strategy, and is supported by both public and privately financed initiatives.
The organisations chairman, John Mullins said that “With a clearer global policy framework emerging, we feel it is timely to focus on what is potentially required from a domestic policy, funding and skills perspective to further support the emergence of Irish enterprise leadership in sustainability. Sustainable Nation Ireland will provide that focus.”
