While the transfer means the energy counts for Ireland’s renewable energy goals, it only happens on paper.
The Irish government confirmed that the transfer was necessary as Ireland was set to fall three to four percent short of its overall target of 16 percent of its energy needs from renewable sources.
In January of this year, the Estonian Minister of Economy and Infrastructure Taavi Aas (Center) and the Maltese Minister of Energy and Water Management Michael Farrugia signed a contract in Valletta that allows Malta to provide statistics on renewable energy for EUR 2 million from Estonia Respectively.
Aas said at the time that Estonia had increased the share of renewable energy from its target of 25 percent to 31 percent by 2020, and this will allow him to sell the statistical surplus to countries that for one reason or another are not reaching theirs have goals.
Previously, Estonia had also sold statistics on renewable energies to Luxembourg.
The European Union supports the buying and selling of renewable energy quotas so that the Member States can jointly and efficiently achieve the renewable energy targets, based on the principle that energy must be generated at the locations with the best possible conditions and possibilities.
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