Dr Fergal McNamara Senior Policy Director
22nd April, 2024
Davy Decarbonization have published their white paper “Investing in Tomorrow: Shaping a Net-Zero Future”. The paper aims to set out the quantum and scale of investment required across key sectors in order to meet Ireland’s 2030 climate targets. In the publication, Dr. Fergal McNamara and his colleagues explore the likely source of this capital and the investment opportunities that are arising from the transition.
The Davy view of the spending required is €129 billion by 2030 or €18.5 billion per year, decreasing to €12.5 billion per year from 2030-2050. Extensive cooperation along all stakeholders – government, consumers, corporates, and investors – will be required to achieve these targets. The Davy view is that state spending will be €18 billion to 2030, funded by the Exchequer in the ordinary manner. Private spending is expected to be €110 billion to 2030, funded by €97 billion of debt (and/or savings) and €13 billion of equity.
The paper discusses the policy and legislative framework of the sector. Inhibitors to investment in Ireland are outlined. Spending across sectors is also explored, allocating €43 billion to Electricity, €43 billion to Transport, €39 billion to Buildings and Industry and €4.3 billion to Agriculture.
Talk to the Davy Decarbonization team today about sustainable financing.
Download our whitepaper on Investing in Tomorrow: Shaping a Net-Zero Future
Download here
For further information, please contact the team at decarbonization@davy.ie
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