We believe that the greening of the Irish economy and the development of green enterprise are essential keys for sustainable economic revival in Ireland. The green economy is a growing force - the environmental goods and services (EGS) sector in Ireland today is worth between €4.3bn and €5.2bn annually and is developing rapidly. The European wide target is to reduce GHGs by 20% (based on 1990 levels). Ireland’s targets are a 21% reduction in EU ETS emissions by 2020; a 20% cut in the non-trading "domestic" emissions by 2020 (both based on 2005 levels), and a 16% target for renewable energy penetration by 2020. Working towards these goals presents major opportunities for players in Ireland’s EGS sector and is changing the landscape for every organisation. Environmental targets are acting as a driver for the development of the green economy in Ireland, especially when allied to the Government’s recently stated more aggressive target of 40% of electricity generation from renewable sources from 2020.
Green economy group
ByrneWallace's multidisciplinary Green Economy Group, the first of its kind among Irish law firms, helps clients tackle the challenges and opportunities offered by the Green Economy. It draws together a wealth of relevant expertise from across our practice areas to provide a unique, comprehensive offering focused on the Green Economy. We offer clients the combined experience and complementary skills of our Energy and Environmental & Resources, Projects, Corporate and Competition / Regulatory teams. Building on our work with innovative organisations, we continue to invest in developing knowledge in key areas and are active participants in industry associations and initiatives.
Green economy services
Our Green Economy Group offers clients extensive services in the following key sectors:
Chambers Global 2010:
This firm established its green economy group in late 2008, and its unique offering has clearly been well received by market sources: “The team is innovative and has done well to anticipate a new wave of investment in the green economy sectors.” The firm's ability to act on projects, corporate, competition and regulatory needs arising within the green economy space gives it a wide ambit to serve client needs….Sources call ByrneWallace “one of the pre-eminent law firms in the cleantech/green economy space.
The information in this article was current at 02 Dec 2011