Two residential building refurbishments to Efficiency House Plus level

Ireland no longer wants to make money from fossil fuels. With 90 votes in favour and 53 against, members of the Irish parliament voted in favour of a corresponding law last Thursday. According to the bill, the state-owned Strategic Investment Fund is to withdraw its money from fossil fuel investments. This would make the island state the first country to DivestmentThe aim is to realise the withdrawal of public funds from coal, oil and gas.

The fund has assets totalling eight billion euros. According to Pringle, around 17 per cent of the state fund is invested in fossil fuels. However, the law is not yet in force. The Finance Committee must first give its approval. Once it comes into force, the state fund will have five years to withdraw its money from fossil fuel investments. New investments in the sector would be prohibited in future.

Source: Klimaretter.info

Keywords:
Climate protection, Sustainable management, Environmental policy