Households and businesses in Ireland could save €1.8 billion (£1.2bn) per year by being more energy efficient.
That’s according to a new report from the Sustainable Energy Authority of Ireland (SEAI), which revealed energy efficiency could create 2,000 jobs.
The energy saving improvements could also increase the Irish Government’s budget by around €1 billion (£0.72bn), it stated.
Dr Eimear Cotter, Head of Low Carbon Technologies at SEAI said: “Already Ireland is saving €700 million (£504m) a year through greater energy efficiency. It is good for households, good for businesses and good for the economy.”
Ireland has set a target to become 20% more energy efficient by 2020 and claims it has achieved around 38% of the savings required to meet the goal.