Irish businesses willing to pay more for renewables amid fears for energy future

Some 96% of companies would pay more for quicker access to renewable energy, says EY report

Sean Casey, EY Ireland, says businesses say they want "both green energy and energy growth, not one or the other".

Almost seven in 10 (68%) Irish businesses are worried about securing enough energy to meet their future needs, new research reveals, with 96% of Irish companies saying they would pay more for quicker access to renewable sources.

Already, data centres consume 10% of Ireland’s energy, while the attacks on Iran’s oil infrastructure shows the volatility of the fossil fuel market. With significant energy demand expected to increase, business leaders in Ireland and abroad are concerned about securing sufficient reliable energy to meet their future needs, according to the EY Ireland research.