RESS 5 is the fifth auction held under the Irish Government's Renewable Electricity Support Scheme.

Ireland recently signed a joint declaration on green hydrogen development co-operation with Germany, which will play an important role in decarbonising and expanding our energy system.

Earlier today, the Department of the Environment, Climate and Energy (DCEE) published the provisional results of the Tonn Nua offshore wind auction, Ireland's second offshore wind auction under...

The Terms and Conditions and Timetable for RESS 3 are now available, with the qualification process opening on 30 May 2023.

EIOPA recently published a discussion paper on the prudential treatment of sustainability risks (link below) and held its sustainable finance conference on 7 December 2022.

Final reports from ESMA, the EBA and EIOPA on greenwashing are due in May 2024, following publication of interim progress reports in June 2023...

Details of the Irish extended producer responsibility organisation, required to be established under article 10 of the recast Urban Wastewater Treatment Directive, remain awaited.

The Central Bank notes the challenges of adhering to statutory and regulatory requirements in this area and states that its approach will evolve and will be kept under review.

The European Commission has written to the European Banking Authority, enclosing a Call for Advice on Green Loans.

Combatting greenwashing (i.e. when products or services are not as sustainable as claimed) is a key focus of the Central Bank of Ireland's (CBI) supervisory approach to sustainable finance and addressing climate change.

The Irish Government has published its Climate Action Plan 2024 (CAP24) which sets out the roadmap to deliver on Ireland's legally binding economy-wide carbon budgets...

The Green Deal is the EU 'climate neutral by 2050' strategy with an ambitious interim target for 2030 of reducing greenhouse gas emissions by 55%.

The European Commission has published its final Delegated Regulation establishing a common rating scheme for data centres, introducing electronic sustainability labels for facilities with at least 500 kW of IT power demand. The regulation incorporates significant changes from the draft version, particularly around nuclear energy consumption indicators, and will require data centre operators to understand complex conditionality requirements for energy procurement arrangements.

After a volatile political journey, the EU is poised to adopt the new Corporate Sustainability Due Diligence Directive ("CS3D") in the coming months...

The Carbon Border Adjustment Mechanism ("CBAM") applies to certain goods being imported into the EU. It is designed to apply the same carbon costs to those goods as would have been incurred had they been produced in the EU.

As Climate Finance Week Ireland 2023 continues, additional EU Taxonomy Delegated Acts were, as expected, published in the Official Journal this week reflecting the continuing...

On 5 February 2024, the European Council and Parliament reached a provisional agreement on a proposal for a new regulation on ESG rating activities with the aim of boosting investor confidence in sustainable products.

The proposed restriction of PFAS across the EU continues to progress and could potentially impact various sectors, including for example aerospace and defence, automotive, aviation, food contact materials, textiles, leather and apparel, construction and household products, electronics, firefighting, food processing, and medical articles.

The Commission is consulting until 6 September 2024 on a proposed procedure to give public access to judicial procedures to challenge specific decisions on State aid measures that allegedly contravene EU environmental law.