facebook
twitter
rss
account
search
search
 

Ireland weighs low-carbon, shale future

April 24, 2013 at 8:24 AM   |   Comments

DUBLIN, Ireland, April 24 (UPI) -- The Irish government is comparing notes with European counterparts on the potential of shale natural gas reserves, Irish Energy Minister Pat Rabbitte said.

The International Energy Agency said unconventional reserves may account for 40 percent of gas demand and 14 percent of oil demand by 2035. Ireland imports all of its oil and relies in foreign sources for 90 percent of its natural gas needs.

Rabbitte told an informal meeting of European ministers in Dublin that Ireland was watching the U.S. shale natural gas boom and comparing notes with EU officials on efforts to match the U.S. success.

"We have taken note of the remarkable impact of new gas discoveries including shale gas on the U.S. energy market," he said. "Several EU member states are weighing the benefits and risks of exploiting shale gas reserves."

Irish Environment Minister Phil Hogan said he was pleased to host a European meeting on what he said would be a "safe and sustainable low-carbon future."

The European Union in 2009 adopted a goal of relying on renewable energy to meet 20 percent of the overall energy needs by 2020.

EU Energy Commissioner Gunther Oettinger said last month that member states need to work on 2030 climate and energy goals as it addresses the long-term goal of cutting emissions by as much as 95 percent by 2050.

A progress report from the European government said progress on reaching the 2020 targets was slow because of the financial crisis gripping the eurozone.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
2
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
3
Rheinmetall, KBR in joint venture bid for British defense entity
4
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
5
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
Trending News
Video
x
Feedback