We are talking about public investment in non-renewable energy sources.
To date, the bill was supported by the lower house of Parliament. However, it is projected that the documents quickly and seamlessly go through the Senate (the upper chamber), forcing Strategic investment Fund Ireland (ISIF) within five years to stop investing.
ISIF has a population of 8.9 billion euros, of which 300 million euros are invested in oil, gas, coal, and other fossil fuels. In Ireland expect that the law will come into force before the end of the year.
The aim of the new legislation is to help ensure fulfillment of the obligations of Ireland under the Paris climate agreement.
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Ireland is a country in Northern Europe occupying most of the island of Ireland.
|Coat of arms
The Capital – Dublin
Largest cities: Dublin, cork
Form of government – parliamentary Republic
The territory is 70 280 km2 (117th in the world)
The population of 4.83 million people (121st in the world)
The official languages are Irish and English
Religion – Catholicism
HDI – 0,916 (6th in the world)
GDP – $250,8 billion (43rd in the world)
Currency – Euro
It borders with the UK
Ireland took the 49th place out of 59 countries in the ranking of performance indicators of climate change 2018 — the lowest figure among EU members in the list.