Eamon Ryan, the Energy Minister of Ireland recently declared that, the government of Ireland is planning to implement fresh energy investments plan and it will also seek the proposals by the people. NER300 will be furnishing the energy investments and this financial body is jointly managed by the European Investment Bank, European Commission and the members of the European Union. This plan encourages nearly eight carbon capture and carbon capture storage and it will also help the renewable energy plans in the European Union. The energy investments will be provided from the commission for joint or single venture projects in solar, wind, geothermal, ocean, hydro and bio energy sector. Eamon Ryan asserted that, the European Union has planned for 20pc renewable energy in the forthcoming decade and Ireland will be the main company in the venture. Eamon Ryan also mentioned that, they have reserves in the western parts of the Europe and this is the strongest wave power and wind power.
The Government of Singapore, recently approved tax incentives for the energy efficient projects and these projects will be listed under qualifying activities list in the Investment Allowance Scheme. The Investment Allowance Scheme will provide incentives to the energy investment companies and offset against the taxable income of the company. The aim of the government is to consume energy and the vital fact is to eliminate the emission of greenhouse gases. S Iswaran, the Minister of State Trade and Industry articulated that, the central idea of the Investment Allowance Scheme is to encourage the energy efficiency plans carried over by the large energy companies in Singapore. This Investment Allowance plan is a takeoff from the Economic Expansion Incentives Act and this act was implemented in the Parliament recently.
The Government of Canada Is silently reviewing its support for the renewable energy sector and the country hopes that, it will yield laurels to the country and emerge Canada as the super power in the clean energy sector. Germany, United States and China are plowing billions of dollars as tax in the renewable energy sources like solar energy and wind energy. The energy companies in the Canada requested the government to develop a national strategy to take hold of the universal clean energy sector and this has gained nearly 162 billion USD as energy investment in the previous year. Elizabeth McDonald, the Solar Industries Association President of Canada told that, the country was lagging behind in the energy sector and they are not exploring the inbuilt talents of Canada.