Fossil Fuels are finite
"To truly transform our economy, protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy." BARACK OBAMA, Address to Joint Session of Congress, Feb. 24, 2009
Fossil Fuels and the Future Energy Challenge
The way we as a people harness and use energy will be challenged in the coming years. The world is heavily dependent on depleting fossil fuel reserves and the population of the world continues to grow. In Ireland we import approximately 85% of our energy requirements through oil and natural gas.
It is estimated that there will be an additional 1 million people living in the Republic of Ireland by 2050. That equates to an increase of over 20% in terms of people – all with a demand for electricity.
We all need to think, not only about how we use electricity but also about how it is going to be generated!
- Ireland imports approx. 85% of its fuel to meet its energy requirements!
- Long-term, Ireland cannot rely on imported fossil fuels to produce our electricity and heat our homes
- Unless action is taken there will be an increasing global demand for oil and gas from an ever decreasing reserve
What other countries are doing:
- Denmark has taken steps towards banning the installation of any new oil fired central heating in new buildings and in existing buildings where natural gas or community heating is available as part of their move towards a low carbon economy
- Great Britain is progressing Nuclear Energy proposals as part of their answer to the challenges ahead
- Saudi Arabia (which has the second largest oil reserves in the world) launched a blueprint for their long-term goals called Vison 2030. One of these goals is to achieve near total government independence from oil revenues by 2030
Fossil Fuels are not only polluting – they are finite!