|Sustainability Gathering, Dublin Castle|
|Jonathan Maxwell, SDCL|
|Sean O'Driscoll, Glen Dimplex|
|RTE Business Editor David Murphy|
|Bernard Byrne, AIB|
|Minister Richard Bruton with Kathleen Barrington and Angela Madden, directors of Tempus Media|
|Minister Richard Bruton|
|Professor Diarmuid Ferriter|
|Adrian Kelly, Airsynergy, Angela Madden, Tempus Media|
|Stephen Nolan, Sustainability Gathering chair with John Mullins, Amarenco|
---160 new jobs announced at the Sustainability Gathering---
Irish Minister for Jobs, Enterprise and Innovation Richard Bruton TD, today, (Thursday, December 12) welcomed the announcement at the Sustainability Gathering that Ireland’s ‘green’ asset managers secured more than €3 billion in new funds during 2013.
‘Green’ asset management refers to physical and financial assets in the green economy and includes investment in the water and renewable energy sectors.
As a result, more than 40 jobs were created by Power Capital,
BNRG, Mainstream and Gaelectric alone during the year. And, it is anticipated that this €3 billion investment will create some 120 new construction jobs over the next two years.
Irish companies won the investment for funds and renewable projects they are spearheading both in Ireland and across the globe. “This demonstrates Irish innovation and leadership in the moves to a low carbon economy,” said Minister Bruton.
Addressing more than 300 professionals from the green economy in areas from policy, finance and enterprise at Dublin Castle, Minister Bruton today said: “The Government has ear-marked the Green Economy as a core area for Irish economic recovery and growth as outlined in my own department’s policy document Delivering our Green Potential.
“In fact we are launching our progress update on that very policy document here today at the Sustainability Gathering.”
Stephen Nolan, Chairperson, Sustainability Gathering, said the Government had created the conditions, which allowed these Irish companies to flourish. “It is no surprise that Forbes in recent days ranked Ireland best country for business.
“Green International Financial Services Centre (GIFSC) has a target of increasing environmental assets under management or serviced from Ireland from today’s $20 billion to $200 billion by 2017,” explained Nolan. GIFSC is Ireland’s public/private initiative to position and promote Ireland as a world- leading centre for environmental finance.
Mr Nolan went on to explain: “This target is achievable due to the combination of two additional key factors – a world class renewables and cleantech enterprise sector and the existence of a world class international financial services centre. This combined expertise is what sets Ireland apart from other competitors.”
There were a number of other announcements made at the Sustainability Gathering.
Eddie O’Connor, Founder and CEO Mainstream Renewable Power revealed that the company had launched Mainstream Capital in order to gain access to capital and cheaper rates.
And, SCDL announced that it was the preferred bidder to manage the government’s €70 Irish efficiency fund which would see €35 million investment from the State matched by the world’s largest Government-backed energy efficiency fund manager.