Tidal turbine technology company Openhydro, pictured, raised €15 million last year
Photograph: Alan Betson and Trevor McBrideIf the Republic is to be a hub for green finance, a new economic model needs to be put in place, writes SUZANNE LYNCH
IN THE coming weeks a major initiative on the “Green IFSC”, mooted earlier this year, is due to come before Cabinet. Led by a group called the IFSC Clearing House Group, the initiative will outline a strategy for Ireland to position itself as a hub for green finance.
The notion of a “green economy” has been held up by policymakers and industry leaders as the great hope for enterprise and jobs. Last November, the high-level action group on green enterprise, formed by Minister for Energy and Natural Resources Eamon Ryan, concluded green jobs in Ireland could account for 4 per cent of total employment by 2020.
To read the full, original article click on this link: Time to act if green energy finance hub is to happen - The Irish Times - Fri, Sep 17, 2010
