Department of Environment, Climate and Communications Publishes Summary of Analysis for Sectoral Emissions Ceilings (2022) (assets.gov.ie)

• Government approved sectoral emissions ceilings on 28 July 2022, targeting 51% GHG reduction by 2030.
• Technical analysis by UCC and McKinsey estimates €119 billion investment needed by 2030.
• Key measures: 5x increase in solar capacity, 950k electric vehicles, 500k retrofitted homes, 400k heat pumps.
• Scenario included lower energy demand (HL) and optimistic technology (TO) assumptions to handle agricultural shortfalls.
• Interactive results available at epmg.netlify.app/tim-carbon-budgets-2022/results/.

"The Department of the Environment, Climate and Communications published a summary of technical analysis supporting the preparation of sectoral emissions ceilings, approved by government on 28 July 2022. The analysis, conducted by UCC and McKinsey, outlines pathways to achieve a 51% reduction in greenhouse gases by 2030, requiring an estimated €119 billion investment. Key measures include a 5x increase in solar capacity, 950,000 electric vehicles, and 500,000 retrofitted homes. The document details the iterative process with government departments and the use of the TIMES-Ireland Model for energy systems optimization."