Ireland recently took a big step towards cutting coal and other fossil fuels out of the equation. The Parliament of Ireland has passed a bill which will prohibit the country from investing in fossil fuels, which is part of a €8 billion ($8.6 billion) government fund. It still has to go through a review process before it turns into a law. This law will make Ireland the first country in the world to cut government funding for fossil fuel sources. Countries which have said they will not use any more fossil fuel like Iceland are also not able to make this claim and Norway is closest in terms that it cut off some investment into fossil fuel back in 2015.
A message to the lobbyists
The bill was put forward by Deputy Thomas Pringle, who says “this as a matter of ethical financing. It’s a message to energy companies that both deny human-made climate change and lobby politicians to look the other way”
It’s a start
Given Irelands relative size it will not have the greatest environmental impact globally but this aggressive move will encourage many other countries who aren’t ready but willing to drop fossil fuel completely and use more green energy. It’s a particularly sharp contrast to the US, whose new leadership is already going to great lengths to suppress climate change science and protect the fossil fuel industry.